CBI had registered a case against Acharya, the deputy MD of SBI as well as KK Kumarah, former additional general manager at SBI and Piyoosh Goyal, chairman of Worlds Window Group for alleged graft in disbursing loan of above Rs100 crore
State Bank of India (SBI), the country's largest lender said it has asked one of its deputy managing directors, Shyamal Acharya to go on leave and also constituted an internal panel for probing the graft charges against him. The Central Bureau of Investigation (CBI) raided Acharya's residence in a case of alleged graft in disbursing loan of above Rs100 crore.
In a statement, SBI said, “We have been informed by the CBI that Shyamal Acharya, deputy managing director and group executive (mid corporate groups) of our bank, is being investigated. Acharya has been asked to proceed on leave.”
“We have also constituted an internal committee comprising two senior managing directors to investigate internally,” the statement said.
Yesterday, the CBI registered a case against Acharya as well as KK Kumarah, former additional general manager at SBI and Piyoosh Goyal, chairman of Worlds Window Group for alleged graft in disbursing loan of above Rs100 crore.
According to the CBI, a team of its economic offences wing (EOW) in Mumbai has registered a case against them for alleged graft.
The agency sources said Goyal wanted a loan of over Rs100 crore from SBI for his firm when Kumarah got involved. They said Kumarah assured him of his contacts in the bank through which he could get that loan passed.
Sources said an arrangement was reached between Kumarah and Goyal under which he had to get Rs25 lakh for his services and Rs15 lakh for Acharya.
Kumarah allegedly purchased two high-end Rolex watches worth about Rs8 lakh to be given to Acharya for his alleged favours. Meanwhile, the CBI came to know about this deal and laid a trap.
Kumarah, who was coming out from the residence of Acharya after allegedly giving him watches, was nabbed by the CBI team.
The remaining cash of around Rs7 lakh was also recovered from him, the sources claimed.
The CBI teams carried out searches at the residences of Acharya, Kumarah and Goyal in Mumbai and Kolkata.
SBI said it stands committed to probity in its dealings and assured that it will continue to hold highest standards of honesty and transparency in its operations. The statement also said the bank is cooperating with the investigating agency in the probe.
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