Assets of a sugar cooperative were acquired by close associates of Maharashtra Deputy Chief Minister Ajit Pawar at throwaway prices, a special court has said while taking cognisance of a chargesheet filed by the ED in a money laundering case pertaining to the Maharashtra State Cooperative Bank (MSCB).

Special Judge M G Deshpande in the order passed on Wednesday, after perusing the chargesheet, documents submitted along with it and witness statements, said it "demonstrates a classic example of generation of proceeds of crime from criminal activity" and it constitutes an offence under provisions of the Prevention of Money Laundering Act.