(SBLC) within the LC limit, without any written request from the Company were allowed. (iii) The Memorandum was hurriedly approved by accused no.6 and the respondent on 10.08.2010 for placing the Memorandum before the Management Committee of the Board of Directors. The said Memorandum was placed before the Management Committee in its meeting held on 13.08.2010, and based on the recommendations in the Memorandum to the Management Committee, the credit facilities, i.e. (i) Short Term Loan of Rs.50 crore, (ii) LC/SBLC/Buyer's Credit limit of Rs.100 crore and EPC limit of Rs.339 crore were sanctioned to the Company. The sanction was conveyed by the Credit Department, Central Office of the ZO/Branch vide letter dated 18.8.2010.” These are the allegations against the respondent in the charge sheet. 9. We have perused the statements of the relevant witnesses and the documents on record in the charge sheet and the supplementary charge sheet. We may note here that there are no allegations