CBI registers two PEs in Syndicate Bank casehttps://indianexpress.com/article/business/business-others/cbi-registers-two-pes-in-syndicate-bank-case/

CBI registers two PEs in Syndicate Bank case

During Bansal’s interrogation he revealed his role in facilitating similar arrangements for other corporates.

The Central Bureau of Investigation (CBI) has started two new enquiries into role of middleman Pawan Bansal, an accused in the Syndicate Bank bribery case in alleged easing of loan conditions and credit facilities for corporates from UCO Bank and Bank of Maharashtra.

CBI sources said the enquiries will look into alleged irregularities in the extension of credit facilities by UCO Bank and Bank of Maharashtra in the borrowers account facilitated by Pawan Bansal of Altius Finserve, an accused in the Syndicate Bank bribery scandal, and his associates.

The agency had arrested Bansal in a bribery case related to Syndicate Bank CMD SK Jain who was arrested for allegedly taking a bribe of Rs 50 lakh for increasing credit limit in violation of banking rules.

During Bansal’s interrogation he revealed his role in facilitating similar arrangements for other corporates.