Simultaneous raids at 20 places have been conducted in four cities -- Bangalore, Bhopal, Mumbai and Delhi. The bribe amount of Rs 50 lakhs has also been recovered.
The Central Bureau of Investigation (CBI) has registered a case of alleged bribery against SK Jain, CMD Syndicate Bank , an official said on Saturday.
The allegations refer to the CMD for asking bribe to extend credit facilities to certain companies.
Also Read: Syndicate Bank Q1 net up 7% but asset quality deteriorates
Simultaneous raids at 20 places have been conducted in four cities -- Bangalore, Bhopal, Mumbai and Delhi. The bribe amount of Rs 50 lakhs has also been recovered.
Searches so far have led to recoveries of several asset papers and incriminating documents, said the official, adding that further investigation is going on.
(With inputs from agencies)
Syndicate Bank stock price
On August 01, 2014, Syndicate Bank closed at Rs 144.65, up Rs 0.90, or 0.63 percent. The 52-week high of the share was Rs 179.10 and the 52-week low was Rs 61.05.
The company's trailing 12-month (TTM) EPS was at Rs 27.93 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 5.18. The latest book value of the company is Rs 189.63 per share. At current value, the price-to-book value of the company is 0.76.
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