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Home >Industry >CBI files case against SBI deputy MD Shyamal Acharya

New Delhi: The Central Bureau of Investigation (CBI) has registered a case against Shyamal Acharya, a deputy managing director of State Bank of India (SBI), in connection with a case of bribery, according to two officials who declined to be named.

The case relates to bribery for the disbursement of loan, the CBI officials said, adding that a former SBI executive, K.K. Kumra, has been arrested.

Raids were being conducted simultaneously at three locations, including offices and residences of Acharya, Kumra and Piyoosh Goyal, founder of the Worlds Window Group, a New Delhi-based company, one of the officials said.

Goyal had sought a loan of Rs400 crore from SBI, the nation’s largest lender, of which Rs75 crore was approved.

“Incriminating documents have been recovered," one of the CBI officials said.

Neither Acharya nor Goyal have been arrested.

Attempts to contact Acharya were not succesful as his phone was switched off. Bloomberg on Monday quoted SBI as saying that Acharya has been ‘asked to proceed on leave’ and that the bank is cooperating with the CBI.

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