Bank official gets 3 yrs in jail for Rs 20,000 bribe

The Special Judge for CBI cases in Visakhaptnam sentenced V M M V Nagendra Rao, Special Cadre Assistant with the bank's Seetharampuram Branch in Vijayawada, to three years of simple imprisonment and also slapped a fine Rs 20,000.

According to the CBI chargesheet against Rao, the accused had demanded a bribe of Rs 20,000 from a Clerk-cum-Cashier when he requested for a transfer to Kothagudem Branch on personal grounds, a CBI release said here today.

Rao, who was also Assistant General Secretary, All Indian Overseas Bank