Former State Bank of India Chairman Pratip Chaudhuri, arrested for selling a hotel allegedly in a fraudulent way, was granted bail by a Jaisalmer court on Tuesday.
Chaudhuri was sent to judicial custody for 14 days on November 1 after being arrested for selling the hotel.
Chaudhuri was granted bail by Additional District and Sessions Judge Dalpat Singh Rajpurohit.
Chaudhuri had been arrested on October 31 from his residence in Delhi in connection with a loan case of the hotel in Jaisalmer.
A case was registered against Chaudhuri in 2015 for seizing the hotel property in a loan settlement case and allegedly selling it at a throwaway price through fraudulent means.
Chaudhuri became a director on the board of the company which purchased the hotel, the police had said.
(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
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