The Central Bureau of Investigation has registered a case of alleged bribery against the Chairman & Managing Director of Syndicate Bank Sudhir Kumar Jain.<br /><br />The allegation pertains to Jain asking for a bribe to extend credit facilities to certain companies. The agency also raided 20 places in four cities — Bangalore, Bhopal, Mumbai and Delhi. It has recovered a bribe amount of Rs 50 lakh. Searches, so far, have led to recovery of several asset papers and incriminating documents. The agency said further investigation is on.<br /><br />Jain assumed charge as CMD of the bank on July 8 last year. He has been in the banking industry for 26 years.<br /><br />PTI says: CBI has arrested six people including CMD of Sydicate Bank S K Jain for allegedly taking bribe of Rs 50 lakh. <br /><br /><br />For More information on this news visit: http://www.itvnewsindia.com/<br />For More information on this news, visit: http://www.indianews.ind.in/<br />Connect with us on Social platform at: http://www.facebook.com/IndiaNewsTV<br />Subscribe to our You Tube channel: https://www.youtube.com/user/itvnewsindia<br />Connect with us on Social platform at: https://www.facebook.com/pages/India-News/371196196360607
