PTI FP Nov 25 2013
New Delhi: CBI has registered a case against a Deputy Managing Director of State Bank of India, a former AGM of the bank and a businessman for alleged graft in disbursing loan of above Rs 100 crore.
CBI sources here said a team of Economic Offences Wing in Mumbai has registered a case against Deputy MD Shyamal Acharya who is also the head of Mid-Corporate wing of the Bank, former Assistant General Manager K K Kumarah and a businessman Piyush Goyal for alleged graft.Reuters
A senior SBI official said the bank is assessing the situation and will react only after getting complete facts.
The agency sources said Goyal wanted a loan of over Rs 100 crore from SBI for his firm when Kumarah got involved. They said Kumarah assured him of his contacts in the bank through which he could get that loan passed.
Kumarah allegedly demanded Rs 25 lakh as bribe for himself and an undisclosed amount for Acharya from Goyal to get this loan passed.
On the basis of source information, a team of the agency laid trap and carried out searches during which Kumarah was arrested with money.
CBI teams carryied out searches at the residences of Acharya, Kumarah and Goyal in Mumbai and Kolkata.
Mint :New Delhi: Aman Malik 25 Nov 2013
The Central Bureau of Investigation (CBI) has registered a case against Shyamal Acharya, a deputy managing director of State Bank of India (SBI), in connection with a case of bribery, according to two officials who declined to be named.
The case relates to bribery for the disbursement of loan, the CBI officials said, adding that a former SBI executive, K.K. Kumra, has been arrested.
Raids were being conducted simultaneously at three locations, including offices and residences of Acharya, Kumra and Piyoosh Goyal, founder of the Worlds Window Group, a New Delhi-based company, one of the officials said.
Goyal had sought a loan of Rs400 crore from SBI, the nation’s largest lender, of which Rs75 crore was approved.
“Incriminating documents have been recovered,” one of the CBI officials said.
Neither Acharya nor Goyal have been arrested.
Attempts to contact Acharya were not succesful as his phone was switched off. Bloomberg on Monday quoted SBI as saying that Acharya has been ‘asked to proceed on leave’ and that the bank is cooperating with the CBI.
ET 25 nov 2013
ET 25 nov 2013
MUMBAI: SBI today said it has constituted an internal panel comprising two MDs to probe the corruption charge against its deputy MD Shyamal Acharya, who has been asked to go on leave a day after his residence was raided by CBI.
"We have been informed by the Central Bureau of Investigation that Shyamal Acharya, deputy managing director and group executive (mid corporate groups) of our bank is being investigated. Acharya has been asked to proceed on leave," State Bank of IndiaBSE 2.40 % said in a statement.
"We have also constituted an internal committee comprising two senior managing directors to investigate internally," the statement said.
Though the statement did not name the MDs in the probe panel, it has been learnt that Hemant G Contractor, who is the MD and group executive for international banking, and A Krishna Kumar, MD and group executive for national banking, are the members.
The spokesman did not say when the report will be submitted by the panel, which was constituted last night.
SBI said it stands committed to probity in its dealings and assured that it will continue to hold highest standards of honesty and transparency in its operations. The statement also said the bank is cooperating with the investigating agency in the probe.
Yesterday, CBI registered a case against Acharya, ex-SBI additional general manager K K Kumarah and Chairman of Worlds Window Group Piyoosh Goyal for alleged graft in disbursing loan of above Rs 100 crore.
According to CBI, a team of its economic offences wing in Mumbai has registered a case against them for alleged graft.
The agency sources said Goyal wanted a loan of over Rs 100 crore from SBI for his firm when Kumarah got involved. They said Kumarah assured him of his contacts in the bank through which he could get that loan passed.
Sources said an arrangement was reached between Kumarah and Goyal under which he had to get Rs 25 lakh for his services and Rs 15 lakh for Acharya.
Kumarah allegedly purchased two high-end Rolex watches worth about Rs 8 lakh to be given to Acharya for his alleged favours, the sources said.
Meanwhile, the agency came to know about this deal and laid down a trap.
Kumarah, who was coming out from the residence of Acharya after allegedly giving him watches, was nabbed by the CBI team.
The remaining cash of around Rs 7 lakh was also recovered from him, the sources claimed.
CBI teams carried out searches at the residences of Acharya, Kumarah and Goyal in Mumbai and Kolkata.
"We have been informed by the Central Bureau of Investigation that Shyamal Acharya, deputy managing director and group executive (mid corporate groups) of our bank is being investigated. Acharya has been asked to proceed on leave," State Bank of IndiaBSE 2.40 % said in a statement.
"We have also constituted an internal committee comprising two senior managing directors to investigate internally," the statement said.
Though the statement did not name the MDs in the probe panel, it has been learnt that Hemant G Contractor, who is the MD and group executive for international banking, and A Krishna Kumar, MD and group executive for national banking, are the members.
The spokesman did not say when the report will be submitted by the panel, which was constituted last night.
SBI said it stands committed to probity in its dealings and assured that it will continue to hold highest standards of honesty and transparency in its operations. The statement also said the bank is cooperating with the investigating agency in the probe.
Yesterday, CBI registered a case against Acharya, ex-SBI additional general manager K K Kumarah and Chairman of Worlds Window Group Piyoosh Goyal for alleged graft in disbursing loan of above Rs 100 crore.
According to CBI, a team of its economic offences wing in Mumbai has registered a case against them for alleged graft.
The agency sources said Goyal wanted a loan of over Rs 100 crore from SBI for his firm when Kumarah got involved. They said Kumarah assured him of his contacts in the bank through which he could get that loan passed.
Sources said an arrangement was reached between Kumarah and Goyal under which he had to get Rs 25 lakh for his services and Rs 15 lakh for Acharya.
Kumarah allegedly purchased two high-end Rolex watches worth about Rs 8 lakh to be given to Acharya for his alleged favours, the sources said.
Meanwhile, the agency came to know about this deal and laid down a trap.
Kumarah, who was coming out from the residence of Acharya after allegedly giving him watches, was nabbed by the CBI team.
The remaining cash of around Rs 7 lakh was also recovered from him, the sources claimed.
CBI teams carried out searches at the residences of Acharya, Kumarah and Goyal in Mumbai and Kolkata.
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