A court here Tuesday rejected the anticipatory bail plea of the alleged middleman in the Syndicate Bank bribery case, Purushottam Lal Totlani, who is on the run.
Central Bureau of Investigation (CBI) Special Judge Swarna Kanta Sharma rejected Totlani's anticipatory bail plea.
The court last week initiated proceedings to declare him as a proclaimed offender in the case.
The court observed that non-bailable warrants were earlier issued against him twice in the case and Totlani was evading arrest in the case.
Bhushan Steel Ltd.'s vice-chairman Neeraj Singhal and Syndicate Bank chairman-cum-managing director S.K. Jain, among others, are accused in the case.
The CBI had Aug 2 arrested Jain for allegedly taking Rs.50 lakh in bribe for raising the credit limit of some companies in violation of banking rules. Singhal was arrested Aug 7.
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