CBI arrests branch manager of Equitas bank Vizag for taking Rs. 1.30L bribe

According to the complainant, he had approached the Dwaraka Nagar branch of Equitas Small Finance Bank for a business loan of Rs. 20 lakh. The branch manager allegedly demanded 10% of the loan as a bribe to sanction the loan.

By Newsmeter Network  Published on  8 Feb 2022 11:33 AM GMT
CBI arrests branch manager of Equitas bank Vizag for taking Rs. 1.30L bribe

Visakhapatnam: The CBI on Tuesday arrested the branch manager of Equitas Small Finance Bank, Dwarakanagar branch, Visakhapatnam for demanding and accepting a bribe of Rs. 1.30 lakh to approve a loan.

After a complainant who runs a shop in Vizianagaram filed a case against Akkela Srinivas Arudra, the bank manager, the CBI laid a trap.

According to the complainant, he had approached the Dwaraka Nagar branch of Equitas Small Finance Bank for a business loan of Rs. 20 lakh. The branch manager allegedly demanded 10% of the loan as a bribe to sanction the loan.

After negotiations, the accused reduced the bribe to Rs. 1.30 lakh. It was also alleged that the accused told the complainant that the loan amount of Rs. 20 lakh had been disbursed and credited to his account.

Based on the complaint, the CBI laid a trap and caught Arudra accused red-handed while demanding and accepting the bribe of Rs 1.30 lakh from the complainant. The CBI is also conducting searches at the office and residential premises of the bank manager at Visakhapatnam and Vizianagaram.

The accused will be produced before a court in Visakhapatnam on Tuesday.

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