Bhanwar Singh Shekhawat (भवरसिंह शेखावत) (born 1949) is an Indian politician and member of the Indian National Congress. Shekhawat was a former chairman of Apex Bank Madhya Pradesh, and currently member of the Madhya Pradesh Legislative Assembly from Badnawar and previously from Indore-5.
An alumnus of Indore University, he holds an M.A. in Economics (1975), M.A. in Political Science (1979), and Bachelor of Laws (L.L.B.) (1982).
Prosecution Sanction, 2013 On 26 June 2013, the Madhya Pradesh state government granted sanction to prosecute Shekhawat and eight others for allegedly facilitating a wrongful settlement of a loan taken by IAS officer Ramesh Thete’s wife, Manda. The Lokayukta’s Special Police Establishment had earlier registered an FIR and sought prosecution approval.MP :govt nod to prosecute Apex Bank chairman, Hindustan Times.
Allegations and Case Details Manda Thete had obtained a loan of ₹25 lakh in 2001 which grew to ₹93 lakh due to accrued interest. Despite defaults and existing criminal proceedings, bank officials purportedly arranged a settlement for ₹53 lakh. Shekhawat was implicated for approving this settlement in contravention of rules.Loan fraud: HC rejects Thete's review petition, The Times of India.
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