Bank Manager Caught Taking Bribe

Bank manager lands in CBI net for taking bribe-Times of India=07.03.2014

PUNE: The CBI on Wednesday night arrested the manager of Union Bank of India
, Kolvan branch in Mulshi, for allegedly accepting Rs 9,000 from a farmer for clearing his loan proposal.

A special court on Thursday sent the accused, Arun Ganpat Londhe, in CBI custody till March 9.

Rajesh Rambhau Lakhawade of Kothrud had applied for a loan of Rs 3 lakh under the crop loan scheme.

On March 3, Londhe demanded 3% (Rs 9,000) of the loan amount to sanction and disburse the sum, said the CBI.

Lakhawade immediately registered a complaint with the CBI. Lakhawade contacted Londhe over the telephone on March 4 and was told to meet him at Chandani chowk the next day at 11 am.

The CBI said that Lakhawade, accompanied by his father, met Londhe at the designated place at 10.30 am and from there they went to the bank to complete the formalities of sanctioning the loan. Lakhawade and his father left the bank as Londhe did not demand any money then.

After sometime, Lakhawade's father got a call from Londhe on his cell phone demanding Rs 9,000 for getting his work done.

Lakhawade returned to the bank and handed over the bribe money to Londhe when the CBI sleuths caught him.

CBI seized the documents of Lakhawade and others persons submitted by an agent to the bank.
http://timesofindia.indiatimes.com/city/visakhapatnam/Seven-arrested-for-cheating-coop-bank-of-Rs-37-3-lakh/articleshow/31567729.cms

Seven arrested for cheating coop bank of Rs 37.3 lakh

VISAKHAPATNAM: Seven persons, including a gold appraiser of the District Cooperative Central Bank (DCCB) in the city, were arrested by the One Town police for cheating the cooperative bank to the tune of Rs 37,20,500 by certifying imitation gold as genuine.

One Town police station inspector Syed Mohammed Eliyas said L Prakash Rao, a gold appraiser working at DCCB's Town Kotta Road branch, was arrested along his family members for trying to pass off fake gold as genuine and granting gold loans against it.

Prakash Rao, who had been the bank's gold appraiser for the past few years, advised his wife, sons, daughters-in-law and friend to open accounts in the bank. His family members and friend deposited fake gold on 40 occasions that he certified as genuine and played a crucial role in releasing loans worth Rs 37.3 lakh to them.

Based on a complaint by the bank's assistant general manager M Ashok Kumar, a team of the One Town police led by inspector Eliyas investigated the case and arrested Prakasa Rao and his family members, including his wife L Chinnammalu, sons L Ramesh and L Kamesh and their wives L Yamuna and L Vijaya as well as friend Santhosh Kumar.
http://timesofindia.indiatimes.com/city/visakhapatnam/Seven-arrested-for-cheating-coop-bank-of-Rs-37-3-lakh/articleshow/31567729.cms