‘Bankers received cash for undue favours’

Nov 25, 2010 - Dippy Vankani |

mumbai

Maninder Singh Johar of Central Bank of India had received `30 lakhs for an undue favour provided by him in the matter of M/s Lavasa, CBI sources said. Johar had been handling the Lavasa project, which was routed through Sharma.
Regarding Ramchandran Nair, director and CEO of LIC Housing Finance, the source said that Nair had purchased a flat at Satellite Towers in Goregaon (E) at a discounted price and had allegedly taken a bribe from Sharma to finance the purchase. “Sharma gave a bribe of `45 lakhs to Nair, who handled the matters of DB Realty, Pashmina, Mantri Realty, Sigrun, Entertainment World, Indore City Treasures. This money was routed by Sharma,” the source claimed.
“We have recovered several incriminating documents, hard disks, investment papers and files of private parties to whom loans were facilitated,” the source added. Naresh Chopra, secretary (investment) of LIC, had received a bribe of `16 lakhs from Sharma for providing inside information about the dealings regarding investment matters of LIC related to M/s Adani, JP Hydro, JSW Power, DB Realty, Pantaloons, Adalite and MTECH.
About Venkoba Gujjal, DGM, PNB, the source alleged that he had taken a bribe of `7.5 lakhs from Sharma for sanctioning loans for his clients. The eight accused have been remanded to CBI custody till November 29.

Post new comment

<form action="/comment/reply/44119" accept-charset="UTF-8" method="post" id="comment-form"> <div><div class="form-item" id="edit-name-wrapper"> <label for="edit-name">Your name: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="60" name="name" id="edit-name" size="30" value="Reader" class="form-text required" /> </div> <div class="form-item" id="edit-mail-wrapper"> <label for="edit-mail">E-Mail Address: <span class="form-required" title="This field is required.">*</span></label> <input type="text" maxlength="64" name="mail" id="edit-mail" size="30" value="" class="form-text required" /> <div class="description">The content of this field is kept private and will not be shown publicly.</div> </div> <div class="form-item" id="edit-comment-wrapper"> <label for="edit-comment">Comment: <span class="form-required" title="This field is required.">*</span></label> <textarea cols="60" rows="15" name="comment" id="edit-comment" class="form-textarea resizable required"></textarea> </div> <fieldset class=" collapsible collapsed"><legend>Input format</legend><div class="form-item" id="edit-format-1-wrapper"> <label class="option" for="edit-format-1"><input type="radio" id="edit-format-1" name="format" value="1" class="form-radio" /> Filtered HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Allowed HTML tags: <a> <em> <strong> <cite> <code> <ul> <ol> <li> <dl> <dt> <dd></li><li>Lines and paragraphs break automatically.</li></ul></div> </div> <div class="form-item" id="edit-format-2-wrapper"> <label class="option" for="edit-format-2"><input type="radio" id="edit-format-2" name="format" value="2" checked="checked" class="form-radio" /> Full HTML</label> <div class="description"><ul class="tips"><li>Web page addresses and e-mail addresses turn into links automatically.</li><li>Lines and paragraphs break automatically.</li></ul></div> </div> </fieldset> <input type="hidden" name="form_build_id" id="form-8afc6b948cf134f897cbf25330fe2466" value="form-8afc6b948cf134f897cbf25330fe2466" /> <input type="hidden" name="form_id" id="edit-comment-form" value="comment_form" /> <fieldset class="captcha"><legend>CAPTCHA</legend><div class="description">This question is for testing whether you are a human visitor and to prevent automated spam submissions.</div><input type="hidden" name="captcha_sid" id="edit-captcha-sid" value="85869309" /> <input type="hidden" name="captcha_response" id="edit-captcha-response" value="NLPCaptcha" /> <div class="form-item"> <div id="nlpcaptcha_ajax_api_container"><script type="text/javascript"> var NLPOptions = {key:'c4823cf77a2526b0fba265e2af75c1b5'};</script><script type="text/javascript" src="http://call.nlpcaptcha.in/js/captcha.js" ></script></div> </div> </fieldset> <span class="btn-left"><span class="btn-right"><input type="submit" name="op" id="edit-submit" value="Save" class="form-submit" /></span></span> </div></form>