Execs in bribery probe ordered to judicial custody

Published on Fri, Dec 03, 2010 at 13:10 |  Source : Reuters

Updated at Fri, Dec 03, 2010 at 15:43  

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Execs in bribery probe ordered to judicial custody

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All eight executives arrested in India's bribes-for-loan investigation were ordered into judicial custody until December 16, a local court said on Friday, before it began hearing applications for bail.

On Monday, a special Indian court extended the custody of the eight arrested in a bribes-for-loans investigation until Friday.

The Central Bureau of Investigation arrested the executives from banks and financial institutions last month, including three from Money Matters Financial Services.

  

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