Bank chairman held for taking Rs 10 lakh bribe in Beed

AURANGABAD: Officers of the Aurangabad unit of the anti-corruption bureau (ACB) on Monday arrested the chairman of Vaidyanath Urban Bank in Parli Vaijanath of Beed district for allegedly accepting Rs 10 lakh bribe from a wholesale grain merchant and trader for upgrading the cash-credit limit of his account.
The suspect has been identified as Ashok Pannalal Jain. The complainant, a prominent businessman in Parli Vaijanath, had approached the ACB stating that he has a bank account in Parli’s urban bank and had applied for increasing the cash-credit limit to Rs 2.5 crore.The request was approved; however, the bank chairman demanded Rs 15 lakh bribe from him.
Under the supervision of superintendent of police (ACB) Rahul Khade, the complaint was verified and it turned out that the bank’s chairman had indeed sought money from the trader and was insisting it be paid as a reward.
Accordingly, the ACB sleuths laid a trap near the business establishment of the complainant in the Mondha area of Parli. The complainant met the chairman and handed him Rs 10 lakh stating that it was all that he could arrange for the time being. As soon as the chairman accepted the money, ACB officers nabbed him red-handed, said deputy superintendent of police (ACB), B V Gawade.