 "Ex-SBI Chairman Pratip Chaudhuri granted bail by Jaisalmer court")
Former State Bank of India Chairman Pratip Chaudhuri, arrested for selling a hotel allegedly in a fraudulent way, was granted bail by a Jaisalmer court on Tuesday.
Chaudhuri was sent to judicial custody for 14 days on November 1 after being arrested for selling the hotel.
Chaudhuri was granted bail by Additional District and Sessions Judge Dalpat Singh Rajpurohit.
Chaudhuri had been arrested on October 31 from his residence in Delhi in connection with a loan case of the hotel in Jaisalmer.
A case was registered against Chaudhuri in 2015 for seizing the hotel property in a loan settlement case and allegedly selling it at a throwaway price through fraudulent means.
Chaudhuri became a director on the board of the company which purchased the hotel, the police had said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app