GUWAHATI: The Central Bureau of Investigation (CBI) on Friday, March 28 registered two cases against multiple accused, including a former Branch Manager of the State Bank of India (in both cases) in Sribhumi, and two private individuals (one in each case), on allegations of bank fraud, corruption, and bribery.
ALSO READ: Service Charge On Food Bills Cannot Be Mandatory, Rules Delhi High Court
The former Branch Manager of the State Bank of India of Sribhumi branch allegedly conspired with middlemen to disburse Xpress credit Loans to ineligible borrowers between 2023 and 2024. It is further alleged that these loans were granted in exchange for undue advantages and bribes, which were collected by the accused middlemen and other unidentified individuals from the borrowers.
As part of the probe, CBI conducted searches at four locations, including Gaya in Bihar, Hailakandi in Assam, and two places in Silchar, Assam. During the searches, authorities recovered a significant quantity of jewellery and ornaments from the residential premises of the accused Branch Manager in Silchar. The recovered valuables include approximately 481 grams of gold, 11.11 grams of diamonds, and 1,092.80 grams of silver.
Additionally, officials seized various incriminating documents, including transaction details with middlemen, bills and invoices related to the purchase of jewellery, and records concerning credit loans. Several electronic devices, including a computer SSD, a mobile phone, and a tablet, were also confiscated during the operation.
The investigation into the case is ongoing.
