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CBI registers case against Syndicate Bank CMD

  •   Sat, Aug 02 2014 01:00:31 PM

New Delhi, Aug 2 (IANS): The CBI has registered a bribery case against S.K. Jain, chairman and managing director of state-owned Syndicate Bank, an official said Saturday.

The allegation pertains to Jain asking for a bribe to extend credit facilities to certain companies, a Central Bureau of Investigation (CBI) official said.

The official added that simultaneous raids at 20 places across Delhi, Bangalore, Bhopal and Mumbai have been conducted.

"The bribe amount of Rs. 50 lakh has also been recovered. So far, the searches have led to recoveries of several asset papers and incriminating documents," the official said.

Further investigation is on, the official added.
  

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Comment on this article

  • tony d'souza, mangalore/usa

    Sat, Aug 02 2014

    well dine CBI.This bank is harassing the poor employees for small mistakes or no mistakes.These top officials taking kick back for all the transactions even changing of the Banks hoardings r to be punished

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Title: CBI registers case against Syndicate Bank CMD



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