Former SBI chairman Pratip Chaudhuri, who was arrested in a loan scam case, was granted bail by a Jaisalmer court on Tuesday. Chaudhari was sent to judicial custody for 14 days on November 1. The former banker was granted bail by Additional District and Sessions Judge Dalpat Singh Rajpurohit.

Chaudhari was arrested on October 31 from his residence in Delhi in connection with a loan case of the hotel in Jaisalmer. He was booked in 2015 for seizing the hotel property in a loan settlement case and allegedly selling it at a throwaway price through fraudulent means. He became a director on the board of the company which purchased the hotel.

The Jaisalmer police had said that a non-bailable warrant was issued against Chaudhuri on orders of the city court and he was arrested from his Delhi residence and brought to Jaisalmer. 

SBI Chairman Dinesh Khara had described the arrest of Chaudhuri as ‘extremely unfortunate’ and hoped that he will be released unconditionally soon. He said SBI adheres to the best practices in corporate governance and “there have been no irregularities in the said case”. 

He said the issues of this magnitude are invariably dealt with at local level and the top management of the bank, including the chairman, is not involved at all, in such kind of decision making. 

The arrest of Chaudhuri evoked responses from some top bankers, who called the decision…

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