Former State Bank of India (SBI) chairman Pratip Chaudhari, arrested for selling a hotel allegedly in a fraudulent way, was granted bail by a Jaisalmer court on Tuesday.
Mr Chaudhari was sent to judicial custody for 14 days on November 1 after being arrested for selling the hotel.
He was granted bail by Additional District and Sessions Judge Dalpat Singh Rajpurohit.
The ex-SBI chief 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 Mr Chaudhari in 2015 for seizing the hotel property in a loan settlement case and allegedly selling it at a throwaway price through fraudulent means.
Mr Chaudhari became a director on the board of the company which purchased the hotel, the police had said.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
