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June 27, Tuesday 2017 9:17 PM       

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       Four granted bail in fraudulent loan case
 
         Posted on :09:14:23 May 10, 2017
   
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       Last edited on:09:14:23 May 10, 2017
         Tags: four bail, loan case
 

KOCHI: A CBI court here granted bail to four persons, including two SBI officials, arrested for alleged irregularities in sanctioning of a loan to a Vadanapilly native in 2015. The court ordered the accused to execute a bond of Rs 1 lakh and two solvent sureties each.

The accused, Sanoj P Vincent, Radhakrishnan Nair, Apu Jose Mathew, and Vinod Damodaran, were arrested in connection with a case against M M Shoukat Ali, who had pledged an 18.12-acre property with the bank to avail Rs 7 crore as loan.

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