New Delhi: The CBI yesterday arrested S K Jain, chairman and managing director (CMD) of state-owned Syndicate Bank, along with five others for allegedly taking a bribe of Rs5m, an official said.
Jain was arrested in Bangalore following charges of demanding a bribe to extend credit facilities to some companies, an official of the Central Bureau of Investigation (CBI) said here.
The CBI has registered two cases against Jain and 11 other persons, including the CMD and directors of two Delhi-based private firms on charges of criminal conspiracy and under the Prevention of Corruption Act.
“It is alleged that S.K. Jain has been indulging in negotiations for illegal gratification directly as well as through middlemen for extending undue favour to private companies,” an official said.
IANS
