The Ministry of Finance received the report from the Central Bureau of Investigation (CBI) of Syndicate Bank Chairman & Managing Director S K Jain, who has been arrested by CBI for allegedly accepting a bribe of Rs 50 lakh to enhance the credit limit of some companies.
On the basis of CBI report, government has suspended S K Jain.
Govt suspends CMD of Syndicate Bank, CBI arrested him for accepting bribe of 50 lakhs
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