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Judicial custody of Syndicate Bank ex-MD extended

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New Delhi, Sep 24 :

A court here Wednesday extended the judicial custody of sacked Syndicate Bank chairman-cum-managing director S.K. Jain and other accused till Sep 30.

CBI Special Judge Swarna Kanta Sharma remanded Jain, Bhushan Steel Ltd’s vice chairman Neeraj Singhal and middleman Vineet Godha to judicial custody till Sep 30.

SK Jain, CMD, Syndicate Bank
SK Jain, CMD, Syndicate Bank

The court also sent Purushottam Lal Totlani, the alleged middleman in the Syndicate Bank bribery case, to judicial custody till then after he was presented before it on expiry of his police custody.

Totlani, who was evading arrest, surrendered last week.

The court last month had rejected his anticipatory bail plea and initiated proceedings to declare him a proclaimed offender in the case after issuing non-bailable warrants against him twice.

The CBI has filed two separate cases in the matter and had arrested Jain Aug 2 for allegedly taking Rs.50 lakh in bribe for raising the credit limit of some companies in violation of the banking rules. Singhal was arrested Aug 7.

(IANS)