Two including Bhushan Steel official get bail in Syndicate Bank bribery case

Sambad English Bureau Published On : Sep 30, 2014 at 9:23 PM

New Delhi, Sep 30 :

A court here Tuesday granted bail to two accused allegedly involved in the Syndicate Bank bribery case.

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The Central Bureau of Investigation (CBI) Special Judge Swarna Kanta Sharma granted bail to Arun Kumar Agarwal, an employee of Bhushan Steel, and Vijay Pahuja, a middleman.

Both were asked to furnish a personal bond of Rs.two lakh and sureties of like amount.

Three accused – Bhushan Steel vice-chairman Neeraj Singhal, Prakash Industries Limited Ved Prakash Agarwal and co-accused Pankaj Bansal- were released on bail saturday.

The judicial custody of the other arrested accused, including Syndicate Bank chairman-cum-managing director S.K. Jain, has been extended till Oct 1.

The CBI had arrested Jain Aug 2 for allegedly taking Rs.50 lakh in bribe for raising the credit limit of some companies in violation of the banking rules.

(IANS)