Court issues production warrant against Syndicate Bank CMD -Hindustan Times
A special court on Saturday issued production warrants against Syndicate Bank CMD S K Jain and one other co-accused in a bribery case after CBI said they were required to be confronted with alleged middleman Purushottam Totlani who surrendered after evading arrest.
Special CBI Judge Swarana Kanta Sharma sought the presence of Jain and co-accused Vineet Godha, who are lodged in jail under judicial custody, before her on September 22. During the hearing, Totlani was produced before the court after expiry of his remand and the court extended his CBI custody by three days till September 23.
The court extended Totlani's custody after CBI said his custodial interrogation was required as the alleged bribe amount in the?case was?sent?to?Godha through Totlani. CBI told the court that during his police custody and after recording statement of one witness, it has transpired that Totlani was in contact with Godha and also knew accused Jain. It also claimed Totlani was not co-operating in the probe. CBI said?it?needs?to?be found out whether any other person was also involved in the case.
It alleged Totlani was involved in the conspiracy and his interrogation was required to ascertain the truth. Totlani had surrendered in the court on September 17 and was sent to police custody. Totlani had earlier filed an anticipatory bail plea in the court which was dismissed on the ground that his custodial interrogation was required to unearth the entire conspiracy and to know about the trail of the alleged bribe.
CBI had earlier argued there was enough evidence to connect Totlani with the case and the intercepted conversation shows his role in the conspiracy. S K Jain, CMD of Prakash Industries Limited Ved Prakash Agarwal, Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal, Vineet Godha and various other accused were arrested by CBI in connection with the case. Singal was arrested by CBI on August 7, hours after the court had issued a non-bailable warrant against him and Totlani.
Except Totlani, the arrested accused are currently in judicial custody. They were apprehended in connection with two separate graft cases in which CBI had booked them under the Prevention of Corruption Act and for the charge of criminal conspiracy under the IPC. On August 2, CBI had arrested some of the accused in connection with the case and claimed to have recovered Rs. 21 lakh in cash from Jain's residence besides gold worth Rs. 1.68 crore and documents of fixed deposits of up to Rs. 63 lakh.
The agency 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.
Students save Rs 24 lakh cash of State Bank of Hyderabad-Times of India-21.09.2014HYDERABAD: Three unemployed B Tech graduates played Good Samaritans and saved State Bank of Hyderabad's blushes by promptly reporting to police about wads of currency notes amounting to Rs 24 lakh which spilled out of an ATM late on Friday. Police have decided to issue notice to the bank for being irresponsible.
At 10.30 pm on Friday, B Tech graduates Latif, Hari Prasad and Shiva went to withdraw money from the SBH ATM at SR Nagar. As there were three money-dispensing machines, the trio approached the one in the middle.
They swiped their ATM card and withdrew a couple of thousand rupees. "While collecting the currency notes from the machine, they pulled it out with a little force. Instantly, the door of the cash chest opened, which had Rs 24 lakhs,'' SR Nagar inspector (Detective) N Shankar said.
According to police, the trio, not tempted by the sight of the mountain of cash, called 'Dial 100' and alerted police about the malfunctioning machine. The police rushed to the spot and found the door open. Immediately, they called bank officials to the ATM centre and records were verified to check if any money was missing.
"The cash was found intact. It was found that bank employees after loading the cash in the chest failed to lock the chest,'' Shankar added.
The SR Nagar police said Hyderabad police commissioner Mahendar Reddy had decided to reward and issue appreciation letters to the three unemployed youths for responding to the community policing call given by the police department.
Meanwhile, police have decided to issue a notice to the SBH for failing to comply with basic security norms at the ATM as there was no security guard or CCTV cameras.