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The Chief Judicial Magistrate of Jaisalmer Court on Monday rejected the bail application of former SBI chairman Pratip Chaudhury and sent him to judicial custody till November 15.
SBI on Monday clarified that the assetwassold with "laid down process" in March 2014, much after Pratip Chaudhuri had retired in September 2013.
Former SBI chairman Pratip Chaudhuri had been arrested in an alleged loan scam case involving a hotel in Jaisalmer, Rajasthan.
Former SBI chairman, Pratip Chaudhuri, arrested in loan scam case
The case is related to a hotel property owned by Godawan group that SBI seized after it was declared as a nonperforming asset (NPA).