Jaisalmer: The bail petition hearing of SBI former chairman Pratip Chaudhuri, who was sent to judicial custody over an alleged fraud involving the sale of a hotel in Jaisalmer at a hugely undervalued price, remained incomplete on Monday.
The hearing of the case, which was transferred from sessions court to the ADJ court, started after lunch time and continued till the court’s time was over. The next hearing has been scheduled for Tuesday.
The alleged fraud took place about 8-9 years ago. Chaudhuri, who retired in 2013, sold two hotels worth Rs200 crore in Jaisalmer at a much lower price of Rs25 crore after declaring them the non-performing assets.
After Chaudhuri, who was brought by police here from Delhi, was produced in the lower court, his counsel moved a bail application. CJM Hanuman Sahai Jat dismissed the bail plea after a brief hearing and ordered Chaudhuri to be sent to judicial custody till November 15. The former SBI chief was then taken to the district Jail. Choudhary is in Jawahar Hospital as his health had deteriorated.
The advocates of Godawan group of hotels demanded to produce criminal records of Chaudhuri in the court and the additional court issued orders after which the public prosecutor wrote to the Jaisalmer SP requesting the criminal records.
Another accused, Alchemist director Alok Dhir, got a transit bail till November 9 from the Delhi High Court.

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