New Delhi: Former Syndicate Bank chairman S K Jain received over Rs 1.25 crore in 2014 from a middleman for clearing the external commercial borrowings proposals of $20 million of Prakash Industries Limited, the CBI has alleged.
The agency arrested Jain that year after it recovered Rs 50 lakh allegedly from his brother-in-law which the CBI had claimed to be bribe money from another company Bhushan Steel.
It had registered two cases against him related to alleged bribes received from Prakash Industries Limited and Bhushan Steel.
Sources in the agency had claimed after the arrest that bribes received from Prakash Industries Limited are under probe.
In a charge sheet filed before a special court here recently, the agency charged Jain, the then chairman cum managing director of PIL Ved Prakash Agarwal, the company's consultant Vipul Agarwal, chartered accountant Pawan Bansal and Jain's brother-in-law Vineet Godha among others under sections related to criminal conspiracy and corruption.