CBI Arrests a Recovery Agent of a Bank in Bribery Case

(Judicial Quest News Network)

The Central Bureau of Investigation has arrested a Recovery Agent working with Union Bank of India, Main Branch, Aurangabad (Maharashtra) in a bribery case.

            CBI has registered a case against Recovery Agent working with Union Bank of India, Main Branch, Paithan Gate, Aurangabad and unknown public servant on a complaint. It was alleged that the Recovery Agent was demanding undue advantage of Rs. one lakh for getting sanction and disbursement of loan amount of Rs.10 lakh under Prime Minister Employment Guarantee Scheme (PMEGP).

            During the follow up action, CBI caught the accused at Aurangabad, while demanding & accepting undue advantage of Rs.30,000/- and Rs.50,000/- from the complainant in the form of two bearer cheques. Search was conducted at the premises of the accused at Aurangabad which led to recovery of incriminating documents. Role of bank officials is also being investigated.

The accused was produced before the Special Court, Aurangabad. The accused was earlier in Police Custody and was sent to Judicial Custody by the Court on 08.06.2021.