A case was registered U/s 120 B of IPC and Section 7, 8, & 12 of PC Act, 1988 against Deputy Managing Director, Mid Corporate Group, State Bank of India, Nariman Point, Mumbai; Chairman of New Delhi-based private company; former Assistant General Manager of State Bank of India (presently working with a private New Delhi-based private company); Other unknown officials of State Bank of India and other unknown private persons. It is alleged that Chairman of New Delhi-based private company had applied for corporate loan amongst others to State Bank of India, New Delhi for Rs.400 crores. The Advisor of the said private company, who was earlier working as Assistant General Manager with SBI, approached Deputy Managing Director, SBI, Shyamal Acharya Mumbai for getting the said loan sanctioned. The Dy. Managing Director, SBI allegedly influenced his office to process the loan application of said private company and got the loan of Rs.75 crores sanctioned. After sanction of the said Loan, the Chairman of said private company allegedly paid Rs.25 Lacs to his Advisor (former SBI Official) as reward and also paid Rs.15 lacs to him for further giving it to Dy.Manager Managing Director of SBI as reward. After receipt of the said amount of Rs. 15 lacs, Advisor (former AGM, SBI) allegedly purchased one Rolex & One Omega wrist watch worth Rs.7.75 lacs(approx) & visited the office of the Dy. MD of SBI at Mumbai and delivered the said two wrist watches to him. After delivery of the said wrist watches, the Advisor(former SBI official) was apprehended by CBI and the said two wrist watches were also recovered from the office cabin of the Dy.MD, State Bank of India.
Searches at residential and office premises of the accused persons were conducted. The cash of Rs.7 lacs(approx); certain locker keys and other incriminating documents were recovered from the residential premises of the former SBI official. Gold & jewellery worth Rs.67 lacs(approx); locker key, documents pertaining to investments in FD & others and other incriminating documents recovered from the residence of Dy. Managing Director of SBI. A cash of Rs.15 lacs (approximately); jewellery and other incriminating documents were recovered from the residence of the Chairman of private company. Incriminating documents recovered during searches are being scrutinised for further investigation.
The arrested accused was produced before the Special Judge, Mumbai and was remanded to Police Custody up to 27.11.2013.Further investigation is continuing.
