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Former SBI chief Pratip Chaudhuri gets bail in loan scam case

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Former State Bank of India chairman Pratip Chaudhuri was granted bail by a Jaisalmer court after he spent nine days in judicial custody. He was sent to judicial custody for 14 days in a loan settlement case after a complaint was filed against him by a defaulter.

Chaudhuri, who was arrested on October 31 from his residence in Delhi, was granted bail by Additional District and Session Judge Dalpat Singh Rajpurohit.

The case was registered against Chaudhuri six years ago for seizing a hotel property from the defaulter in connection to a loan settlement case. The defaulter accused Chaudhuri of selling the property at a low value. Chaudhuri has been accused because he became a director on the board of the company that purchased the property, said police.

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It may be noted that the SBI had financed a project by the Hotel Gaudavan group in 2007. The project was…

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