India News | Bank Official Arrested for Taking Bribe to Clear Farmer's Loan
Get latest articles and stories on India at LatestLY. The CBI has arrested a branch manager of Bank of Baroda for allegedly taking a bribe from a farmer for clearing his agriculture loan, officials said Friday.
New Delhi, Sep 4 (PTI) The CBI has arrested a branch manager of Bank of Baroda for allegedly taking a bribe from a farmer for clearing his agriculture loan, officials said Friday.
The Central Bureau of Investigation (CBI) conducted searches at the residence of accused branch manager Kiran Thakre of Parola Branch, Jalgaon in Maharashtra and an agent during which Rs 10 lakh cash was recovered.
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The CBI had booked the duo for receiving a bribe of Rs 75,000 from the complainant for sanction and disbursement of agriculture loan of Rs 7.10 lakh to the farmer who gave a complaint to the agency, they said.
"During investigation, it was revealed that one agent (private person) also allegedly demanded bribe of Rs 25,000 for processing the said matter. It was further alleged that the bribe amount was later negotiated and was fixed at Rs.75,000 (Rs 50,000 for the Manager and Rs 25,000 for the agent)," CBI spokesperson RK Gaur said here.
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The branch manager allegedly took a blank cheque from the farmer for clearing his loan, Gaur said, terming it a "unique modus operandi" in bribery cases.
An amount of Rs 75,000 was withdrawn through the agent.
The cheque was recovered along with loan file during the searches at the residence, he said.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)