CBI files case against Dy MD of SBI, 2 others in graft case-Business Line 25.11.2013
NEW DELHI, NOV 24:
A Deputy Managing Director of State Bank of India, a former AGM of the bank and a businessman have been named by CBI in a case of alleged graft in disbursal of loan of above Rs 400 crore.
CBI sources said its Economic Offences Wing in Mumbai has registered a case against Deputy MD of SBI Shyamal Acharya who is also the head of Mid-Corporate wing of the Bank, former SBI official K.K. Kumarah and Chairman of Worlds Window Group Piyoosh Goyal for alleged graft.
The sources said Goyal had allegedly applied for over Rs 400 crore of corporate loan from SBI but only Rs 75 crore was approved.
Kumarah, who had joined Worlds Window Group after leaving SBI as an advisor, allegedly tried to get loans cleared for the company using his contacts in the bank, the sources said.
They said an arrangement was reached between Kumarah and Goyal under which he had to get Rs 25 lakh for his services and Rs 15 lakh for Acharya.
Kumarah allegedly purchased two high-end rolex watches worth about Rs 8 lakh to be given to Acharya for his alleged favours, the sources said.
Meanwhile, the agency came to know about this deal and laid a trap.
Kumarah who was coming out from the residence of Acharya after allegedly giving him watches was nabbed by the CBI team.
The remaining cash of around Rs 7 lakh was also recovered from him, the sources claimed.
Kumarah has been sent to CBI custody till November 27.
The CBI later carried out searches at the residence of Goyal, Acharya and Kumarah from where “incriminating” documents have been recovered, it claimed.
A senior State Bank of India official said the bank was assessing the situation and would comment only after getting complete facts.
Worlds Window Group did not respond to email seeking their reaction on the development.
CBI files case against SBI deputy MD Shyamal Acharya-Live Mint
Former SBI official K.K. Kumra arrested; raids being conducted
New Delhi: The Central Bureau of Investigation (CBI) has registered a case against Shyamal Acharya, a deputy managing director of State Bank of India (SBI), in connection with a case of bribery, according to two officials who declined to be named.
The case relates to bribery for the disbursement of loan, the CBI officials said, adding that a former SBI executive, K.K. Kumra, has been arrested.
Raids were being conducted simultaneously at three locations, including offices and residences of Acharya, Kumra and Piyoosh Goyal, founder of the Worlds Window Group, a New Delhi-based company, one of the officials said.
Goyal had sought a loan of Rs400 crore from SBI, the nation’s largest lender, of which Rs75 crore was approved.
“Incriminating documents have been recovered,” one of the CBI officials said.
Neither Acharya nor Goyal have been arrested.
Attempts to contact Acharya were not succesful as his phone was switched off. Bloomberg on Monday quoted SBI as saying that Acharya has been ‘asked to proceed on leave’ and that the bank is cooperating with the CBI
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