Business Standard

CBI arrests SBI branch manager in a bribery case


Press Trust of India New Delhi
The CBI today arrested a branch manager of the State Bank of India for allegedly demanding a bribe of Rs 50,000 to issue a personal loan of Rs 10 lakh.

The petty graft cases continue in the banking sector even as it comes to terms with the alleged fraud involving billionaires Nirav Modi and Mehul Choksi.

The branch manager named Ajay Kumar Gaur was nabbed by the CBI on the complaint of a principal of a government school, Ram Asrey, who had approached him for the loan.

Gaur allegedly demanded 5 per cent of the loan amount as a bribe, the FIR alleged.

During negotiations, the bribe was reduced to Rs 40,000. The CBI laid a trap and arrested the manager and recovered the bribe amount.

I had purchased a land and wanted loan to repay the debt, Asrey said.

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First Published: Feb 27 2018 | 11:25 PM IST

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