SK Jain bribery case: CBI chief orders internal inquiry against own officers
Three days ago, CBI has arrested Jain after he had allegedly demanded a bribe of Rs 50 lakh from Bhushan Steel. Then eight persons have been arrested but a CBI team that raided the Delhi bungalow of Singhal did not arrest him despite clear orders of the CBI director to arrest all persons raided in the case.
Annoyed with its own officers Sinha reportedly told his officers that since it is a serious matter why he was not arrested despite orders. ‘His house was searched but he was not arrested and now he is evading arrest,’ Sinha told his officials.
While talking serious cognizance, the CBI director has ordered an internal inquiry into why the arrest was not made despite orders.
Jain along with 11 others were arrested by the CBI for allegedly accepting bribe of Rs 50 lakh for increasing the credit limit - against banking rules - to a section of private companies involved in coal scam.
Sources said, after being instructed by the CBI Director, the sleuths were keeping a track on all of them for the last few months. Acting on tip off, the officers on Saturday managed to arrest all of them when the exchange of money was going on.
All of them were arrested under sections of Prevention of Corruption Act, 1988 and criminal conspiracy. ‘We have evidence against all of them for committing the crime and for abusing official position to enhance the credit limits of some companies. We have seized several documents, cash, bank deposits and gold during a series of raids at 20 different locations in Delhi, Mumbai, Bangalore and Bhopal,’ a CBI sources said.
Probe revealed that the mastermind of the crime were the brother-in-laws (Vineet Godha and Puneet Godha) of Jain and the deal was struck by the chartered accountant identified as Pawan Bansal who has started his own firm of providing loans to big corporate houses.
A statement issued by the CBI reads, ‘Cash to the tune of Rs. 21 lakh from Jain’s residence besides gold worth Rs. 1.68 crore and fixed deposits up to Rs. 63 lakh were seized.’
Two separate FIRs were lodged where CBI has named Neeraj Singal, vice president and managing director of Bushan Steel, Ved Prakash Agarwal, Chairman-cum-Managing Director of Prakash Industries, Pawan Bansal, chartered accountant, Vineet and Puneet Godha (relatives of Jain), Vijay Pahuja, Purushotam Totlani and Pankaj Bansal as accused. All of them are presently in CBI’s custody.
On July 8, 2013, Jain has left Bank of Baroda as an Executive Director and became the CMD of Syndicate Bank. He is qualified chartered accountant and started his banking career in June 1987 as a Credit Manager in Dena Bank.
Annoyed with its own officers Sinha reportedly told his officers that since it is a serious matter why he was not arrested despite orders. ‘His house was searched but he was not arrested and now he is evading arrest,’ Sinha told his officials.
While talking serious cognizance, the CBI director has ordered an internal inquiry into why the arrest was not made despite orders.
Jain along with 11 others were arrested by the CBI for allegedly accepting bribe of Rs 50 lakh for increasing the credit limit - against banking rules - to a section of private companies involved in coal scam.
Sources said, after being instructed by the CBI Director, the sleuths were keeping a track on all of them for the last few months. Acting on tip off, the officers on Saturday managed to arrest all of them when the exchange of money was going on.
All of them were arrested under sections of Prevention of Corruption Act, 1988 and criminal conspiracy. ‘We have evidence against all of them for committing the crime and for abusing official position to enhance the credit limits of some companies. We have seized several documents, cash, bank deposits and gold during a series of raids at 20 different locations in Delhi, Mumbai, Bangalore and Bhopal,’ a CBI sources said.
Probe revealed that the mastermind of the crime were the brother-in-laws (Vineet Godha and Puneet Godha) of Jain and the deal was struck by the chartered accountant identified as Pawan Bansal who has started his own firm of providing loans to big corporate houses.
A statement issued by the CBI reads, ‘Cash to the tune of Rs. 21 lakh from Jain’s residence besides gold worth Rs. 1.68 crore and fixed deposits up to Rs. 63 lakh were seized.’
Two separate FIRs were lodged where CBI has named Neeraj Singal, vice president and managing director of Bushan Steel, Ved Prakash Agarwal, Chairman-cum-Managing Director of Prakash Industries, Pawan Bansal, chartered accountant, Vineet and Puneet Godha (relatives of Jain), Vijay Pahuja, Purushotam Totlani and Pankaj Bansal as accused. All of them are presently in CBI’s custody.
On July 8, 2013, Jain has left Bank of Baroda as an Executive Director and became the CMD of Syndicate Bank. He is qualified chartered accountant and started his banking career in June 1987 as a Credit Manager in Dena Bank.