Business Standard

Bank CEO held taking bribe


Press Trust of India Machilipatnam
Krishna district Co-operative Central Bank Chief Executive Officer N Rangababu was arrested by the Anti-Corruption Bureau (ACB) for allegedly accepting a bribe of Rs 1,00,000 on Tuesday evening, police said.
According to the bureau ASP, S Saikrishna, the bank CEO was caught red-handed while accepting the bribe from complainant K Lakshmi Nancharaiah.
Rangabbau had accepted the cover containing cash in favour of sanctioning Rs 7.58 lakh to the complainant for publishing and printing stationery for 2020, said ACB officials.
A case had been registered against the bank official, the ASP said.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 29 2019 | 10:55 PM IST

Explore News