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16.4 That Shri Vineet Godha and Shri Puneet Godha are close relatives of Shri Sudhir Kumar Jain. Shri Vineet Godha is a practicing advocate and Shri Puneet Godha is in the business of real estate. The source has further informed that Shri Vijay Pahuja @ Soni, a businessman, residing at 97, Sant Kanwar Ram Nagar Colony, Bersiya Road, Bhopal acts as an agent on behalf of Shri Sudhir Kumar Jain and Shri Vineet Godha for receiving the ill gotten money of Shri Sudhir Kumar Jain through illegal channels and delivering the same to Shri Vineet Godha. It has also been learnt that another person Shri Purushottam Lai Totlani r/o 102, Ridge Road, Idgah Hills, Bhopal, who is in the business of Hotels and farm houses, also acts as an agent for such transactions on behalf of Shri Vineet Godha, 16.5 The source also revealed that M/s. Prakash Industries (hereinafter referred as PIL) is in the business of Coal Mines, Iron & Steel, Power and Wind Energy Sectors also hired the services of M/s. Altius Finserve Pvt. Ltd. for sanction of External Commercial Borrowing (ECB) of 20 million US Dollars for buyback of Foreign Currency Convertible Bonds (FCCB). Shri Ved Prakash Aganwal, Chairman, M/s Prakash Industries and Shri Vipul Agarwal, Director of M/s. Prakash Industries were in regular contact with Shri Pawan Bansal in connection with the approval of their proposal at Syndicate Bank. Further, they had also conspired to approach Shri Sudhir Kumar Jain, CMD, Syndicate Bank, for expediting the approval of said proposal of M/s. Prakash Industries. Accordingly, several rounds of personal meetings have taken place between Sh. Pawan Bansal and Shri Sudhir Kumar Jain, CMD, Syndicate bank in this regard. It is also alleged that, in furtherance of the above said conspiracy Shri Pawan Bansal contacted Shri Sudhir Kumar Jain, CMD, Syndicate bank on 14.07.2014 and requested for expediting the approval to the proposal of M/s. Prakash Industries mentioning that acceptance of proposal by him at CRL.M.C.2526/2019 & one other connected matter this stage would benefit the company and thereafter the said proposal of M/s Prakash industries was approved on 15.07.2014 and conveyed by Shri Sudhir Kumar Jain to Shri Pawan Bansal. Source has also revealed that this proposal was approved by Shri Sudhir Kumar Jain, CMD, Syndicate Bank even when certain queries made by Shri U.S. Majumdar, General Manager, Syndicate Bank (Mumbai) in respect of the proposal submitted by M/s. Prakash Industries were still pending.

16.6 The source has also revealed that in order to get the expeditious results M/s Prakash Industries had earlier agreed to pay huge sums of money to. Shri Pawan Bansal for availing his services. It was also agreed upon that Shri Pawan Bansal will take care of the payments of illegal money to Shri Sudhir Kumar Jain and the same was also conveyed to Shri Sudhir Kumar Jain during the several rounds of personal meetings between them. As per their understanding the major portion of the agreed upon amount has already been provided to Shri Pawan Bansal by M/s. Prakash Industries through their employee Shri Ghanshyam. Further, the illegal gratification meant for Shri Sudhir Kumar Jain has been delivered in recent past to Shri Soni/Purushottam for onward delivery to Shri Vineet Godha to be received by him on behalf of Shri Sudhir Kumar Jain.

17.14 This loan proposal was being pursued with Syndicate Bank by Pawan Bansal and the representatives of M/s Altius Finserv Pvt. Ltd, whereas there was no written authorization/mandate by M/s PIL for pursuance of ECB term loan proposal by M/s Altius Finserv Ltd with Syndicate Bank. Investigation has revealed that during processing of this loan proposal, CRL.M.C.2526/2019 & one other connected matter intimation copies of some of its communication (e- mails) addressed to M/s PIL were also sent by the bank to the representatives of M/s Altius Finserv Pvt. Ltd. 17.15 After processing by various committees at the branch level. T&IBD, Mumbai and Corporate level, the ECB term loan proposal of M/s PIL was forwarded by Shri US Majumdar, the then GM. T&IBD, Mumbai on 14.07.2014 to the Corporate Office, Bangalore for approval of Credit Approval Committee (Tier-I) who was competent authority for approving this loan proposal, 17.16 On 15.07.2014, Credit Approval Committee (Tier-I) of Syndicate Bank, headed by Shri Sudhir Kumar Jain, the then CMD sanctioned the ECB term loan of USD 20 Mio of M/s PIL, for the purpose of buyback/redemption of FCCBs. floated by M/s PIL in the international market, in the year 2009 and 2010, subject to the condition that prior to release of the loan amount M/s PIL has to obtain the approval of RBI. 17.17 Shri Sudhir Kumar Jain, the then CMD, Syndicate Bank and Pawan Bansal were familiar to each other and Pawan Bansal was in regular touch with Shri Sudhir Kumar Jain over phone and regularly pursuing the ECB term loan proposal of M/s PIL with him. Even after the fact, that there was no written authorization from M/s PIL to Syndicate Bank with respect to pursuation of its loan proposal by Pawan Bansal or his firm with the bank, Sudhir Kumar Jain was discussing the development of this loan proposal of M/s PIL with Pawan Bansal and was sharing official information regarding this loan proposal and Pawan Bansal in order to create an impression on the party was sharing the same with Ved Prakash Agarwal and Vipul Agarwai of M/s PIL. Recorded conversation revealed that on the insistence of Shri Pawan Bansal, Sudhir Kumar Jain, talked 3-4 times with Shri US Majumdar, the then General Manager, Treasury and International Banking Division (T&IBD), Syndicate CRL.M.C.2526/2019 & one other connected matter Bank, Mumbai who was processing this ECB term loan proposal and asked him about the status of loan proposal of M/s PIL and to expedite the same. In his statement recorded u/s 164 Cr. PC Shri US Majumdar has stated that due to the pressure from Sudhir Kumar Jain he sent the proposal of M/s PIL to Corporate Office without getting the clarification on some issues from the company and without confirmation of the internal rating of the company.

17.20 On 16.07.2014, Sudhir Kumar Jain conveyed Pawan Bansal about sanction of ECB term loan proposal of M/s/ PIL who on the same day conveyed it CRL.M.C.2526/2019 & one other connected matter to Shri Ved Prakash Agarwal and Vipul Agarwal of M/s PIL.

17.21 In between 14.07.2014 to 16.07.2014, during pendency of the ECB term loan proposal of M/s PIL in the Corporate Office of the Syndicate Bank, Shri Pawan Bansal delivered gratification of Rs 125 lakhs in the form of cash to Shri Sudhir Kumar Jain, through Shri Mukesh Jindal (cousin of Pawan Bansal). This amount of gratification was received by Vineet Godha (brother- in-law of Sudhir Kumar Jain) on behalf of Sudhir Kumar Jain through Purshottam Totlani (facilitator of transaction of gratification) in Bhopal.