CBI Arrests Bank of Baroda Manager, Credit Officer of in Bribery Case
The Central Bureau of Investigation (CBI) has arrested the Branch Manager and Credit Officer of the Bank of Baroda, Koireepur Branch in Sultanpur district, Uttar Pradesh, for allegedly demanding and accepting a bribe of ₹35,000 from a loan applicant under the Chief Minister Yuva Udyami Yojana.
According to the CBI, the case was registered following a complaint from a borrower who alleged that the two bank officials demanded illegal gratification for processing and releasing an overdraft facility sanctioned under the state government's entrepreneurship promotion scheme.
After verifying the complaint, the CBI registered a case and laid a trap on 14 July 2026.
During the operation, the agency caught the Credit Officer allegedly accepting the bribe amount of ₹35,000 from the complainant in collusion with the Branch Manager. The CBI stated that both officials were arrested following the successful trap operation.
Following the arrests, the CBI conducted searches at the official and residential premises of the accused officials. The agency stated that incriminating documents and other material relevant to the investigation were recovered during the searches.
The arrested officials were produced before the competent court, and the investigation is continuing to determine whether any additional persons were involved in the alleged bribery or whether similar complaints exist.
The complaint relates to the Chief Minister Yuva Udyami Yojana, a government initiative aimed at promoting entrepreneurship by providing financial assistance to eligible beneficiaries.
According to the CBI, the complainant alleged that despite sanction of the overdraft facility, the bank officials demanded a bribe for releasing the loan benefits. Acting on the complaint, the agency initiated an investigation and carried out the trap operation.
The CBI has stated that further investigation is underway to ascertain the complete facts of the case and identify any additional evidence or persons connected with the alleged offence.
The case highlights the agency's continued efforts to investigate corruption allegations involving public servants and officials of public sector banks, particularly in matters relating to government-sponsored financial assistance schemes.
The arrest serves as a reminder that officials handling public funds and government-backed loan schemes are subject to strict anti-corruption laws. Borrowers facing illegal demands for gratification are encouraged to report such incidents to the appropriate investigative agencies, enabling timely action through lawful procedures. CA Sansaar
Category : Banking | Comments : 0 | Hits : 96
CA Sansaar

Comments