The CBI on Friday arrested a branch manager of Bank of Baroda and a private person in a bribery case and recovered Rs 10 lakh cash during searches in Maharashtra. Agency arrested Branch Manager, Bank of Baroda, Parola Branch, Jalgaon (Maharashtra), Kiran Thakre and Narendra Patil in the graft case.
The CBI registered a case on a complaint against the said Branch Manager before conducting searches at his premises and subsequently arresting him. “It was alleged that the Branch Manager had demanded a bribe of Rs 56,000 (8 per cent of the loan amount sanctioned) from the complainant for sanction and disbursement of Agriculture Loan of Rs 7.10 lakh to the complainant,” the CBI said in a statement
During investigation, it was revealed that one Agent (private person) also allegedly demanded a bribe of Rs 25,000 for processing the said loan application. 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), it further said.
“In a unique modus operandi, the Branch Manager had allegedly obtained blank signed cheque from the complainant and got the amount of Rs 75,000 withdrawn through the Agent. In the follow up action, the CBI arrested both, the Branch Manager and the Agent,” it said.
Searches were conducted at the office and residential premises of the accused at Jalgaon (Maharashtra) which led to recovery of various incriminating documents including the loan file, the said cheque and cash amount of Rs 10 lakh, it added.