CBI apprehends Mathura bank manager in Rs 4 lakh bribery case

Mathura (Uttar Pradesh) [India], September 1 : The Central Bureau of Investigation (CBI) apprehended the Branch Head and Senior Manager of UCO Bank's Kotwali Road Branch, in connection with a bribery case involving Rs 4 lakh, the agency said in a release on Monday.
According to an official statement, "CBI registered the case on September 1, alleging that the accused demanded illegal gratification to release funds from a sanctioned loan."
According to the complainant, his firm had availed a Cash Credit (CC) loan of Rs 1 crore from the bank. However, only Rs 90 lakh was disbursed, while the remaining Rs 10 lakh was withheld by the Branch Head with alleged mala fide intentions.
The complainant further stated that "When his son approached the bank to request the disbursement of the remaining amount, the accused demanded a bribe of Rs 4 lakh, calculated as a 4 per cent commission on the sanctioned loan amount."
Acting on the complaint, CBI laid a trap and caught the accused red-handed along with an accomplice, a private individual, while accepting Rs 2 lakh as the first instalment of the demanded bribe. The officials seized the money during the operation, confirming the illegal transaction.
Further investigations are underway.