New Delhi [India], November 1 (ANI): After former State Bank of India Chairman Pratip Chaudhuri was on Monday sent to judicial custody by the Chief Judicial Magistrate’s court in Jaisalmer in an alleged loan scam, the bank issued a clarification.

Jaisalmer District Superintendent of Police Dr Ajay Singh told ANI that a non-bailable warrant was issued against Chaudhuri by the Jaisalmer Police on orders of the Jaisalmer court and he was arrested from his Delhi residence on Sunday and bought to Jaisalmer.

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“The former chief of SBI was arrested and presented in court on Monday,” the police official said.

“According to the information received, this is a case of irregularity and fraud. The former SBI chief was presented in court today. His bail plea was rejected by the court and he has been sent to judicial custody for 14 days,” he said.

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Chaudhuri, has been accused in a case related to a hotel project in Jaisalmer worth Rs 200 crore being sold for much lower price of Rs 25 crore after declaring it as non-performing asset (NPA).

The State Bank of India (SBI), in a statement, said that the hotel project was sold with due process in March 2014 after the retirement of…

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