Guwahati, March 28: Central Bureau of Investigation (CBI) has registered two cases against the former Branch Manager of the State Bank of India, Ramakrishnanagar Branch, Karimganj, Assam, and two private individuals on charges of bank fraud, bribery, and corruption.
The accused Branch Manager, in alleged collusion with middlemen, sanctioned Xpress Credit Loans to ineligible borrowers between 2023 and 2024 in exchange for bribes, which were reportedly collected by the two middlemen and unidentified others.
Searches were conducted at four locations, including Gaya (Bihar), Hailakandi (Assam), and two sites in Silchar (Assam). These raids led to the recovery of a significant amount of jewellery from the former Branch Manager’s residence in Silchar, Assam, including approximately 481 grams of gold, 11.11 grams of diamond, and 1,092.80 grams of silver.
Additionally, incriminating documents—such as transaction records with middlemen, purchase invoices for ornaments, and documents related to Xpress Credit loans—were seized. Electronic devices, including a computer SSD, mobile phone, and tablet, were also recovered.
Investigation is ongoing.
Read:Â Shillong Press Club condemns re-arrest of Guwahati Journalist who exposed bank scam
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