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The Central Bureau of Investigation (CBI) has registered a case against Deputy Managing Director Shyamal Acharya of the State Bank of India (SBI), former assistant general manager K K Kumarah and a businessman, Piyush Goyal, for alleged graft in disbursing loans above Rs 100 crore.
CBI sources here said a team of economic offences wing in Mumbai has registered a case against Acharya, also the head of the mid-corporate wing of the bank, Kumarah and Goyal for the alleged graft.
SBI said it has formed a panel of two managing directors to look into the matter. Acharya has been asked to go on leave until further notice.
CBI sources said Goyal wanted a loan of over Rs 100 crore from SBI. This is when Kumarah got involved. They said Kumarah assured him of his contacts in the bank through which he could get the loan passed.
Kumarah allegedly demanded Rs 25 lakh as bribe for himself and an undisclosed amount for Acharya from Goyal for the loan. A team of the agency laid a trap and carried out searches during which Kumarah was arrested with the money, sources said. CBI teams conducted searches at the residences of Acharya, Kumarah and Goyal in Mumbai and Kolkata.
