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Syndicate Bank MD sent to police custody till Tuesday

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New Delhi, Sep 22 :

A court here Monday remanded Syndicate Bank chairman-cum-managing director S.K. Jain and another accused to police custody till Tuesday after the CBI said the duo are required to be confronted with another co-accused in the case.

Central Bureau of Investigation (CBI) Special Judge Swarna Kanta Sharma remanded Jain and middleman Vineet Godha into police custody till Sep 23.

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

The CBI has sought the custody of both accused saying that they are required to be confronted alleged middleman in the Syndicate Bank bribery case, Purushottam Lal Totlani.

The judge also allowed the investigating agency’s plea to quiz Totlani till Sep 23.

Totlani, who was evading arrest, surrendered last Wednesday. The court last month had rejected his anticipatory bail plea and initiated proceedings to declare him as a proclaimed offender in the case after issuing non-bailable warrants against him twice.

The CBI told court that after surrender and during his police custody remand and after recording of statement of one witness, it has been found that Totlani was in contact with Godha, who also knew Jain.

The court Saturday issued production warrant against the Syndicate Bank CMD and middleman Godha for Sep 22.

The CBI 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.

Bhushan Steel Ltd.’s vice-chairman Neeraj Singhal is also an accused in the case. Singhal was arrested Aug 7.

(IANS)