Pune: Ex-Chairman Of Cosmos Bank Mukund Abhyankar Sentenced To 6 Months Imprisonment In Accident Case
Pune, 30th May 2023: In a significant development, Mukund Abhyankar (86), the former chairman and current director of the Cosmos Co-operative Bank Limited, has been convicted and sentenced to six months of simple imprisonment by a magisterial court. The court found him guilty of a hit-and-run accident that occurred in 2016, resulting in the tragic death of a female scooterist on Bhandarkar Road. Abhyankar has also been ordered to pay a fine of Rs 1,200.
The incident took place on July 17, 2016, when Abhyankar collided with a scooter, leading to the fatal injury of the rider, Arundhati Hasabnis (28), an employee of a public-sector bank. Following a complaint filed by Hasabnis’ relative, Vikram Dhoot, the police arrested Abhyankar, who was subsequently granted bail by the local court.
During the court proceedings on Monday, the judicial magistrate declared Abhyankar guilty of the offenses punishable under Section 279 (rash driving) and 304-A (causing death due to negligence) of the Indian Penal Code. The magistrate read out the relevant portions of the judgment, which resulted in the conviction and the subsequent sentencing of Abhyankar.
