SBI ex-chairman held for cheating, hotel-grab bid

Former SBI chairman Pratip Chaudhuri was arrested by Jaisalmer police from his residence in Delhi on Sunday over an alleged fraud involving the sale of a hotel in Jaisalmer at a hugely undervalued price. He was remanded in judicial custody on Monday for 14 days after the chief judicial magistrate rejected his bail plea. He was sent to Jaisalmer jail. His advocate has filed another bail application in the district and sessions court; it will be heard on November 8. Via Times of India https://ift.tt/2hJjhqE