AGM of Bank of Baroda arrested for accepting bribe
"A case was registered u/s 7 of PC Act on the allegations that the AGM , Bank of Baroda demanded a bribe for passing the bills of a private company based at Thane (Maharashtra) who was appointed by Bank of Baroda to recover bad debts. CBI laid a trap and the accused was caught red handed while accepting a bribe of Rs.50,000/- from the complainant," the CBI said in a statement.
The probe agency said searches were conducted at the office and residence of the accused which led to recovery of cash around Rs. 3 lakhs ; about 10 tolas of gold ornaments and incriminating documents.
The arrested accused was produced before the Special Judge, Mumbai on Saturday.
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