SBI graft case: Panel report by weekend

Nov 28 2013, 02:22 IST
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SummaryThe Economic Offences Wing of the CBI had registered a case against Shyamlal Acharya.

Financial services secretary Rajiv Takru on Wednesday said the panel constituted by State Bank of India to probe corruption charges against Shyamal Acharya, one of its deputy managing directors, will submit its report by weekend.

What has happened is most unfortunate. SBI has come out with their own internal committee and we expect the report of the committee by weekend, he told reporters here.

If anybody is guilty, surely you dont expect the government to say nothing should be done. If he is guilty, certainly, the law will take its course. But I think it is a bit premature, we should not speculate on this, Takru said. I dont think there is anything here which requires a change in law or in procedures, he added.

The Economic Offences Wing of the CBI had registered a case against Acharya, who was heading the mid-corporate group at SBI, after raiding his house in the city. Cases were registered against him along with former assistant general manager KK Kumarah and Piyoosh Goyal, chairman of a Delhi-based firm Worlds Window, for alleged graft in disbursals of Rs 400 crore loan. Following this, SBI on Monday set up a two-member internal panel, comprising two senior most MDs Hemant Contractor and A Krishna Kumar to probe the issue.

Meanwhile, Takru said firms which are facing genuine problems like delays in clearing projects should be given more time to pay back loans. Commenting on the work by the PFRDA, Takru said, the regulatory body has made progress, but a lot remains to be done.

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