" Both are in judicial custody along with Bhushan Steel Ltd vice-chairman Neeraj Singhal and Syndicate Bank chairman-cum-managing director S.K. Jain."
New Delhi, Aug 21 - A court here Thursday refused to grant bail to Chairman-cum-Managing Director (CMD) of Prakash Industries Ltd Ved Prakash Agarwal and its Director Vipul Agarwal in the Syndicate Bank bribery case.

Central Bureau of Investigation (CBI) Special Judge Swarna Kanta Sharma dismissed the bail plea of Ved Prakash Agarwal and Vipul Agarwal.

Both are in judicial custody along with Bhushan Steel Ltd vice-chairman Neeraj Singhal and Syndicate Bank chairman-cum-managing director S.K. Jain.

The CBI had arrested Jain Aug 2 for allegedly taking Rs.50 lakh in bribe for increasing the credit limit of some companies in violation of banking rules. Singhal was arrested Aug 7. Three others were also arrested in the case.


comments powered by Disqus
Read more on:
 

PERMALINK

http://www.nerve.in/news:2535002397857
You can quote the permanent link above for a direct link to the story. We do not archive or expire our news stories.


STORY OPTIONS
  Email this story to a friend
  XML feed for India


 
COPYRIGHTS INFORMATION
All rights reserved for news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.
Contact Nerve Staff for any feedback, corrections and omissions in news stories.
 

All rights reserved for the news content. Reproduction, storage or redistribution of Nerve content and articles in any medium is strictly prohibited.