Jaisalmer: former Chairman of the SBI Pratip Chaudhuri, was arrested by Jaisalmer police from his residence in Delhi on Sunday over the alleged fraud involving the sale of a hotel in Jaisalmer at a very undervalued price, returned to judicial rights on Monday for 14 days after the Judge Judicial refused Request the bail.
He was sent to Jaisalmer Jail.
Chaudhuri sells the 200-crore RS property with only Rs 25 Crore, when the default owner on a loan, to the company called Alchemis Arc, allegedly.
After retiring, he became one of the directors at the company who had bought a hotel.
The CJM court agreed that selling luxury hotels without getting it auctioned amounts to cheating.
On October 23, the court issued an arrest warrant against eight people, including Chaudhuri.
The remaining seven have not been arrested.
Jaisalmer SP Ajay Singh said the CJM court had issued an arrest warrant for eight parts of IPS 420 (cheating), 409 (criminal violations of trust by civil servants, or by bankers …), and 120B (criminal conspiracy punishment).
Apart from the former banker, seven other people were Alok Dhir, RK Kapur, SV Venkatakrishnan, Sasi Methadil, Devendra Jain, Tarun and Vijay Kishore Saxena.
Advocate Chaudhuri has submitted another guarantee application in the District Court and session; It will be heard on November 8, 2008, the owner of Fort Rajwada Hotel, Dileep Singh Rathore, has decided to build another hotel in Jaisalmer’s Khuhadi Road and take RS 24 Crore RS futures from SBI Jodhpur.
In 2010, he was looking for another loan from Rs 6 Crore from SBI, but the bank denied the loan.
Then in the same year, Rathore died of a heart attack.
Two months after his death, SBI turned the hotel under construction to NPA and seized the property.
SBI has both hotels evaluated and put pressure on the son of Rathore, Harendra Singh Rathore, to pay for a loan, it is claimed.
Kanwraj Singh, Advocate for Godawan Group Pvt Ltd, owner of the Fort Rajwada and Garh Rajwada (Under-Construction property), argues against the Chaudhuri Guarantee application.
Meanwhile, Chaudhari retired and in one month Alok Dhir, allegedly an intermediary, became director at the recovery company.
The hotel owner learned of plans to reach the hotel and filed a ferranic officer to eight people at the police station aware in 2015.
After hearing long, the CJM court agreed that selling hotels without cheating.
The court on October 23 issued an arrest warrant for eight people, including Alok Dhir and Pratip Chaudhari, after Jaisalmer police who arrested the former SBI chairman.