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Syndicate Bank bribery case: Court to consider charge sheet October 16 | Canindia News

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Syndicate Bank bribery case: Court to consider charge sheet October 16

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CanIndia New Wire Service 0 comments

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New Delhi, Oct 12 (IANS) A court here on Monday fixed October 16 for considering charge sheet filed in the 2014 bribery case naming Syndicate Bank’s then chairman-cum-managing director S.K. Jain and Bhushan Steel Ltd. vice chairman Neeraj Singhal as accused.

Central Bureau of Investigation (CBI) Special Judge Gurdeep Singh set October 16 for consideration of charge sheet after the probe agency filed other documents related to the case.

CBI, last week filed a set of charges in the case, naming Jain, Singhal, middleman Vineet Godha, Puneet Godha, Vijay Pahuja and Pankaj Kumar Tiwari as accused in the case. All the six were charge sheeted under various section dealing with criminal conspiracy and various provisions of Prevention of Corruption Act dealing with bribery and criminal misconduct.

The agency has alleged that Jain has received a bribe of Rs.50 lakh through conduits and abused his official position to enhance the credit limits of some companies in violation of laid-down procedures. CBI said that sufficient oral and documentary evidence against the accused and requested court to summon and try them in the case. It has cited 80 witnesses to support its case.

Jain’s services were terminated in September 2014, when he was arrested by the agency in the case.

All the accused are out on bail. Jain was arrested on August 2 and granted bail on October 1.

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