<p>The CBI has registered a bribery case against S.K. Jain, chairman and managing director of state-owned Syndicate Bank, an official said Saturday.<br /><br /></p>.<p>The allegation pertains to Jain asking for a bribe to extend credit facilities to certain companies, a Central Bureau of Investigation (CBI) official said.<br /><br />The official added that simultaneous raids at 20 places across Delhi, Bangalore, Bhopal and Mumbai have been conducted.<br /><br />"The bribe amount of Rs. 50 lakh has also been recovered. So far, the searches have led to recoveries of several asset papers and incriminating documents," the official said.<br /><br />Further investigation is on, the official added.</p>
<p>The CBI has registered a bribery case against S.K. Jain, chairman and managing director of state-owned Syndicate Bank, an official said Saturday.<br /><br /></p>.<p>The allegation pertains to Jain asking for a bribe to extend credit facilities to certain companies, a Central Bureau of Investigation (CBI) official said.<br /><br />The official added that simultaneous raids at 20 places across Delhi, Bangalore, Bhopal and Mumbai have been conducted.<br /><br />"The bribe amount of Rs. 50 lakh has also been recovered. So far, the searches have led to recoveries of several asset papers and incriminating documents," the official said.<br /><br />Further investigation is on, the official added.</p>