CBI today conducted searches at the Mumbai residence of State Bank of India (SBI) Deputy MD Shyamal Acharya and claimed to have seized gold and jewellery worth Rs 67 lakh after he and others were booked by the agency in a graft case related to disbursal of a loan of over Rs 400 crore.
"Gold and jewellery worth Rs 67 lakh approximately, locker key, documents pertaining to investments in fixed deposits others and other incriminating documents have been recovered from the residence of the Deputy Managing Director Shyamal Acharya.
"An estimated cash of Rs 15 lakh, jewellery and other incriminating documents were also recovered from the residence of the chairman of the private company, Piyoosh Goyal. Incriminating documents recovered during searches are being scrutinised for further investigation," a CBI spokesperson said in Delhi.
CBI's Economic Offences Wing in Mumbai had registered a case against Shyamal Acharya who is also the head of Mid-Corporate wing of the Bank, former SBI official K K Kumarah and Chairman of Worlds Window Group Piyoosh Goyal for alleged graft.
Kumarah was arrested in the case yesterday.
The agency said that Goyal had allegedly applied for over Rs 400 crore of corporate loan from SBI but only Rs 75 crore was approved.
Kumarah, who had joined Worlds Window Group after leaving SBI as an advisor, allegedly tried to get loans cleared for the company using his contacts in the bank, the agency said.
CBI said an arrangement was reached between Kumarah and Goyal under which he was to get Rs 25 lakh for his services and Rs 15 lakh for Shyamal Acharya.
Kumarah allegedly purchased two high-end watches, Rolex and Omega brands, worth about Rs 7.75 lakh to be given to Acharya for his alleged favours, they said.
Meanwhile, the agency came to know about this deal and a trap was laid.
Kumarah, who was coming out from the residence of Acharya after allegedly giving him watches, was nabbed by a waiting CBI team.
The remaining cash of around Rs seven lakh was also recovered from him, the agency said.
Kumarah has been sent to CBI custody till November 27.
Meanwhile, the SBI said it has constituted an internal panel comprising two MDs to probe the corruption charge against Acharya, who has been asked to go on leave.
Worlds Window Group did not respond to email seeking their reaction on the development.