New Delhi: The Chairman-cum-Managing Director of Syndicate Bank SK Jain had been by CBI on Saturday along with five other for allegedly bribing. He had been alleged for taking Rs 50 lakh for enhancement of credit limit to some companies by passing rules and regulations.
CBI had been monitoring the CMD for the last six months before arresting him today in Bangalore along with his brother in law and a CA.
CBI has filed two cases against him for allegedly receiving bribe of Rs 50 lakh and “fraudulently by passing” rules and regulations to enhance credit limit of two companies which have been involved in a coal scam.
CBI Director Ranjit Singh said, “We are determined to fight corruption at high level and today’s case was one such example.”
Bureau Report
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