A team of Central Bureau of Investigation (CBI) carried out a search at the office of builder Puneet Godha on Tuesday and seized some important documents. The search will continue on Wednesday.
After the arrest of former chief managing director (CMD) of Syndicate Bank, Bangalore, SK Jain, for demanding bribe from a private firm to increase its bank loan limit, CBI had arrested Jain’s brothers-in-law including a senior lawyer and former congress spokesperson Vineet Godha and his brother Puneet Godha, who runs a real estate business in the state capital, from Bhopal in the first week of August. CBI had also arrested a hawala operator Vijay Pahuja in the same case.
The CBI officials suspect that a major part of Jain’s ill-gotten money was invested in his brother-in-law’s real estate business in Bhopal. CBI sources said that important documents related to Puneet Godha’s real estate businesses have been seized from his office and documents are being scrutinised.
"We suspect that a major part of Jain’s money, which he earned through unfair means, has been invested in Vardhman Builders’ housing projects in Bhopal. We have seized some documents and are going through them," said a senior CBI officer. Notably, the Vardhman Builders is developing seven housing projects in Bhopal, including Vardhman City Plaza, Vardhman Tower, Vardhman Green Park, Vardhman Greens and others.
According to CBI officer, Jain had allegedly demanded Rs 60 lakh from a private firm to extend its credit limit for the loan, bypassing the rules and regulations. The company had paid first installment of Rs 10 lakh through the Godha Brothers and Rs 50 lakh was to be paid later.
On getting a tip-off that the money, to be paid to the CMD, was being sent to him through his brothers-in-law, the CBI’s anti-corruption branch swung into action and caught Godha brothers and Pahuja, who was transferring the money through his hawala racket.