Rajasthan’s Jaisalmer police have arrested ex-State Bank of India (SBI) chairman Pratip Chaudhuri in relation to a loan scam case involving a hotel in Jaisalmer, The Times of India reported. 

Chaudhuri was arrested from his Delhi residence in the case which is related to properties owned by Godawan Group which took Rs 24 crore loan from SBI in 2008 to construct a hotel, it said.

Alok Dhir, who owns 27% stake in Alchemist Asset Reconstruction Company (ARC) Pvt Ltd, has managed to flee, the report mentioned.  

An arrest warrant was issued by the Chief Judicial Magistrate court in Jaisalmer against Pratip Chaudhuri, Alok Dhir, RK Kapur, SV Venkatakrishnan, Sasi Methadil, Devendra Jain, Tarun and Vijay Kishore Saxena. 

The Dhir family is the sponsor of Alchemist ARC, which is backed by DMI Finance, a non-banking financial company.

After the development, SBI said, Garh Rajwada’ was a hotel project in Jaisalmer, financed by SBI in 2007. The project remained incomplete for over three years and the key promoter passed away in April 2010. The account slipped into NPA in June 2010.

The case against the alleged names is related to properties owned by Godawan Group where its properties worth Rs 200 crore were sold for Rs 24 crore after they were seized by the bank against non-repayment of loan. 

An arrest warrant was issued by the Chief Judicial Magistrate court in Jaisalmer against Pratip Choudhary, Alok Dhir, RK Kapur, SV Venkatakrishnan, Sasi Methadil, Devendra…

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