Zee Media Bureau
S K Jain, CMD of Syndicate Bank and Neeraj Singal, Vice Chairman and MD of Bhushan Steel Ltd were Friday remanded to police custody till August 12 in connection with Rs 50 lakh bribery scandal.
CBI yesterday arrested Neeraj Singal, Vice Chairman and Managing Director of Bhushan Steel Ltd (BSL), in connection with the Syndicate Bank bribery case.
On August 2, CBI had arrested six accused, including the Chairman-cum-Managing Director of Syndicate Bank S K Jain, for allegedly taking bribe of Rs 50 lakh for increasing credit limit of some companies in violation of banking rules.
CBI has filed two cases against Jain -- accusing him of receiving a bribe of Rs 50 lakh through conduits and abusing his official position to enhance the credit limits of some companies in violation of laid down procedures.
With agency inputs
