After keeping a watch on the activities of Jain for last six months on the directive of CBI Director Mr Ranjit Sinha, CBI sleuths finally swooped on his relative and a Madhya Pradesh based Chartered Accountant and arrested them while allegedly receiving cash from representatives of companies which have been involved in Coal Scam.
The CBI has filed two cases against Jain accusing him of receiving a bribe of Rs 50 lakh through conduits and abusing his official position to enhance the credit limits of some companies in violation of laid down procedures. Sinha, who has been at the forefront of fighting corruption at high places, has been personally monitoring the case and the searches that were being conducted by its sleuths since morning at 20 places in Delhi, Mumbai, Bangalore and Bhopal.
We are determined to Fight corruption at high levels and today's case was one such example. In this case, CBI alleged that the conduit was the brotherin law of the CMD and the deal was struck by the chartered accountant who has started his own firm of providing loans to big corporate houses.
CBI claimed to have recovered cash to the tune of Rs 20 lakh from Jain's residence besides gold worth Rs 1.70 crore and Fixed deposits upto Rs 60 lakh.
In the two FIRs, CBI has named Neeraj Singal, vice president and managing Director of Bushan Steel, Ved Prakash Agarwal, chairman and managing director of Prakash Industries, Mr Pawan Bansal, Chartered Accountant, Vineet and Puneet Godha, Mr Vijay Pahuja, Shri Purushotam Totlani and Pankaj Bansal.
It is alleged that Bushan steel used the services of Totlani and the money was handed over to Vineet, the sources claimed and added at that point the CBI arrested both.
There was no immediate word on the other three who had been arrested by the CBI.
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Syndicate Bank Head Office Manipal,
Syndicate Bank Chairman,
Head Office of Syndicate Bank,
Aruna Sharma [ MBA HR ]
Asst Manager Human Resources
Aruna Sharma
http://ladakoo.blogspot.in/2014/08/syndicate-bank-cmd-s-k-jain-arrested-by.html
Aruna Sharma [ MBA HR ]
Asst Manager Human Resources
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