New Delhi: Syndicate Bank's has terminated the service of its suspended CMD S K Jain who has been accused in a bribery case.

Jain and a co-accoused were yesterday remanded in CBI custody till today by a special court after the agency said they were required to be confronted with alleged middleman Purushottam Totlani.

S K Jain, CMD of Prakash Industries Limited Ved Prakash Agarwal, Bhushan Steel Ltd Vice Chairman and Managing Director Neeraj Singal, middle-man Vineet Godha and other accused were arrested by CBI in connection with the case.

Singal was arrested by CBI on August 7, hours after the court had issued a non-bailable warrant against him and Totlani. Except Totlani, the arrested accused are currently in judicial custody.--PTI