Dnyaneshwar Agashe

In 2004, the nine member interim committee was dissolved, and Agashe was elected to the office of the chairman of the Maharashtra Cricket Association.[21] Later that same year, Agashe was denied participation in the annual general meeting of the BCCI due to alleged factional disputes by then BCCI President Jagmohan Dalmiya.[22] He was later denied his right to vote in the Board's elections that year which saw Sharad Pawar losing by one vote to the post of the BCCI's president.[23] Some sources at the time claimed Agashe's actions (delay to vote) may have been deliberate.[24] Agashe moved court countermanding the elections, alleging that the absence of his vote ensured an unfair victory to Dalmiya nominee Ranbir Singh Mahendra.[25][26][27] The Madras High Court stated a prima facie case against the elections,[28] with Agashe expressing satisfaction with the court's decision.[29]

In 2005, the MCA was gripped in a power struggle between Agashe and Ajay Shirke.[30] That year's MCA election was in sight of reformed regulation scheme recommendations between the two parties,[31] which was won by Shirke.[32] Agashe had served a record seventh term at the time of his ousting from the position.[33] Critics claimed that the court cases between the two parties were responsible for a lack luster cricketing season in Pune that year.[34]

By 2006, the bank business started having financial troubles, with some sources alleging that the bank's failure was backlash for the controversial BCCI presidency elections of 2004.[14] In September of that same year, the cooperative bank was put under moratorium by the Reserve Bank of India.[35]

In 2007, following the order of moratorium, many of the bank's depositors held demonstrations at Agashe's Aundh residence and threatened criminal actions against the Agashe family,[36] after which a speedy merger was promised by Agashe,[37] when Cosmos Bank planned to acquire the bank.[38]

In 2008, Agashe mortgaged personal property worth Rs. 200 crore in lieu of the recovery of the deposits worth Rs. 725 crore.[39] Hotel Ranjeet, a hotel owned by Agashe was auctioned off for the same reasons.[40] On 22 November that year, Agashe along with 14 other board members was taken into judicial custody;[41][42] the bank business was charged with a Rs. 436.74 crore scam allegation.[43] The arresting police stated that Agashe along with six others allegedly misused their rights and sanctioned loans mostly to firms owned by themselves and then defaulted the loans, thereby duping the depositors.[44] The judicial magistrate remanded Agashe and the 14 other suspects to police custody, with provisions of medical assistance if required, citing the senior citizenship of a majority of the accused.[45]

The economics offenses wing of the crime branch conducted a raid of Agashe's Aundh residence to recover Rs. 1.5 lakhs. The prosecution stated that upon discovery of the money, further interrogation of the accused was necessary and alleged that the accused had disbursed loans to people close to them by flouting RBI rules. In return, Agashe's defense counsel claimed that Agashe and his family had sold off various properties for the repayment of the loan. The defense counsel also stated that the Agashe family had extended full cooperation with the police and submitted that the family would repay another Rs. 80 crore after the issue of Suvarna's merger was settled. The defense also raised the issue of foul play, when the first information reporting of the allegations was not produced before the court three days after registering the case and further contended that the loans had been sanctioned by the bank's disbursement committee, a committee Agashe was not a member of.[46] The bail applications filed at the time for Agashe, his wife, and his sister were subsequently rejected.[47][48][49]

While in custody, Agashe's health deteriorated and he was admitted to Sassoon Hospital on 22 December, suffering from severe diabetes and gangrene,[50] for which he had previously been denied medical assistance.[24] He later died of a heart attack from complications of diabetes at Sassoon Hospital on 2 January 2009.[51][52]