Sunil Kedar ran a ₹150 crore bond scam.

Kedar, a former Congress and currently Independent MLA, is allegedly involved in infamous G-Secs scam and is facing charges.

Kedar, a former Congress and currently Independent MLA, is allegedly involved in infamous G-Secs scam and is facing charges. NDCCB was the leading bank for providing loans to poor farmers, small businessmen, and cooperative societies working in the field of agriculture. However, in 2001-02, the G-Secs scam rocked the bank during the tenure of Sunil Kedar as chairman. The bank had purchased government securities worth Rs 125 crore through these companies acting as brokers, but they failed to purchase the securities and pass them on to the bank and also did not refund money.

In 2014, the Nagpur bench of the Bombay High Court had issued notice to former Nagpur District Central Cooperative Bank (NDCCB) chairman and MLA Sunil Kedar and then general manager Ashok Choudhary on a plea by depositors seeking recovery of dues totaling Rs 156 crore from them. Kedar, a former Congress and currently Independent MLA, and Chaudhary are allegedly involved in infamous government securities (G-Secs) scam and are facing charges.

In 2019, the Nagpur bench of Bombay High Court had issued a contempt notice to the court of chief judicial magistrate (CJM). However, the court has still not given a final judgement on the case, making this claim partly true.