CBI continues SBI probe, finds 4kg gold in Dy MD's lockers

A few days after the Central Bureau of Investigation (CBI) lodged a graft case against State Bank of India managing director Shyamal Acharya, it found 4 kilograms of gold in Acharya’s personal lockers in Kolkata and Mumbai.

Investigations have revealed  that Acharya had allegedly invested an additional 6 kilos of gold with jeweler named Amrut Lal Jain. According to CBI sources, Jain is currently on the run, but his offices have been sealed.

Simultaneously, the investigative agency has also started the interrogation of general manager Biswal at SBI’s Delhi. According to CBI officials, Shyamal Acharya is suspected to have put pressure on Biswal to sanction Rs 75 crore loan in addition to Rs 250 crore already approved by the bank to the Delhi based businessman Piyoosh Goyal.

CBI is also expected to produce KK Kumra, who worked as the liaison agent for Worlds Window Group, in the CBI court in Mumbai tomorrow. Kumra, an ex-SBI employee, is alleged to have gifted watches to Acharya in lie of sanctioning the loan.