Pratip Chaudhuri Chairman State Bank of India: Pratip Chaudhuri’s arrest: It is customary to give clean chit to accused in high profile case
Pratip Chaudhuri: On the morning of November 1, when Rajasthan Police personnel knocked on the door of former SBI chairman Pratip Chaudhary’s house, he had no idea what was going to happen to him.
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arrest in the holiday week
Former SBI chief Pratip Choudhary had no idea how he would spend the next 8 days in the week leading up to Diwali. Chowdhary said that this wrong case has been registered against him and will not survive the court proceedings. Chaudhary said that the sad thing is that the court is closed during the holiday week and the judges are also on leave. Due to blood pressure and hypertension related issues, he decided to undergo treatment on the third day.
The fate of the high profile case
In such high-profile cases in the country, the police file the closure report after a few days. It is generally said that witnesses and evidence were not found. The same was observed in the case of CEO of Bank of Maharashtra 3 years back also. In fact, despite having many laws in the country, no coercive action is taken against such high profile accused. Experts say that if there is any irregularity on the part of the bank in giving loan to Garh Rajwada, then for this we need to train the law enforcement in a better way so that the investigation of such cases can reach its conclusion.
Pratip Chowdhary accused
Pratip Chaudhary is accused of selling a property worth Rs 200 crore for just Rs 25 crore. He was sent to Jaisalmer Jail after the Chief Judicial Magistrate rejected his bail plea. This case is related to wrongful sale of a hotel property located in Jaisalmer after making it NPA. Pratip Choudhary is accused of selling this hotel to a company named Alchemist ARC at a nominal price after defaulting on the loan. After retirement, Chowdhary was given the position of director in a company that had sold the hotel cheaply.
24 crore loan
The Rajwada Hotel Group had taken a loan of 24 crores from the Jodhpur branch of State Bank of India (SBI) in 2008 for the construction of its hotel being built in Jaisalmer, but when the hotel group could not repay it, SBI took it as a non-performing asset. (NPA) and confiscated the hotel group’s under construction and one of its moving hotels. At that time Pratip Chaudhary was the chairman of State Bank.
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