Central Bureau of Investigation on Friday arrested the two officials from Ratnakar Bank for alleged bribery of Rs 30 lakh in the valuation of a property, an official said.
The arrested officials include a regional head and a recovery head of The Ratnakar Bank from Ahmedabad and Pune respectively.
According to PTI, the arrested were Nimesh Manager, Regional Head, Agro Division, Ratnakar Bank Ltd., Ahmedabad, and Saurabh Bhasin, Recovery Head, Pune, they said.
The alleged officials demanded Rs. 1 crore of bribe for the same. PTI added, “It was further alleged that the complainant along with his 12 family members applied for Agri term loan under the Development of Commercial Horticulture through Production and Post Harvest Management of Horticulture Scheme of National Horticulture Board, in which government gives subsidy at 50 percent of the total project cost limited to Rs 56 Lakh for each project,” CBI Spokesperson R C Joshi said.
Source: psuconnect.in
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