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Three sent to judicial custody in Syndicate Bank case

Posted on Aug 11 2014 | IANS

New Delhi, Aug 11 : A court here Monday sent three men to judicial custody till Aug 25 in connection with the Syndicate Bank bribery case.

Central Bureau of Investigation (CBI) special judge V.K. Gupta sent Puneet Godha, Vinit Godha and Vijay Pahuja to judicial custody.

The three with Neeraj Singhal, vice chairman of Bhushan Steel Ltd, and S.K. Jain, chairman-cum-managing director of Syndicate Bank, are booked as accused in the bribery case.

The CBI Thursday arrested Singhal, who with Jain (who was arrested Aug 2), were sent to police custody till Aug 12 for allegedly taking Rs.50 lakh bribe for increasing credit limit of some companies in violation of banking rules.

The CBI has registered two cases against Jain and 11 others, including the CMD and directors of two Delhi-based private firms - Bhushan Steel Ltd. and Prakash Industries - on charges of criminal conspiracy and under the Prevention of Corruption Act.

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