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Lucknow : A special CBI court in Lucknow has sentenced a former Bank of Baroda branch manager to four years’ imprisonment and imposed a fine of Rs 30,000 in a bribery case dating back to 2015. Earlier reporting noted: Ex-bank manager gets 4-yr jail in bribery case in UP’s Balrampur A special Central Bureau of Investigation (CBI) court in Lucknow has sentenced a former Bank of Baroda branch manager to four years’ imprisonment and imposed a fine of ₹ 30,000 in a bribery case involving a loan sanctioned to a solar lights business, according to a CBI press note issued on Tuesday. The court pronounced the sentence on Monday, nearly 11 years after the CBI registered the case on October 26, 2015. Earlier reporting noted: According to the CBI, the complainant had been sanctioned a loan of ₹ 5 lakh to expand his solar lights business. Rastogi allegedly collected around ₹ 25,000 from him on the pretext of CA, stamp paper and file charges While disbursing ₹ 1.25 lakh as a term loan.
The convict, Subodh Kumar Rastogi, was the then branch manager of the bank’s Balrampur branch in Uttar Pradesh .
Earlier reporting noted: The convicted man, Subodh Kumar Rastogi, was the manager of the bank’s Balrampur branch at the time. The court pronounced the judgment on Monday after completion of the trial.
The case was registered on Oct 26, 2015, following a complaint by a borrower who had been sanctioned a loan of Rs 5 lakh by the bank to expand his solar lights business, according to the CBI . The complainant alleged that while disbursing Rs 1.25 lakh as a term loan, Rastogi had collected approximately Rs 25,000 from him under the pretext of charges for a certificate of account (CA), stamp papers and file processing. Subsequently, another Rs 3.75 lakh was disbursed into the complainant’s account as a cash credit facility. However, the branch manager allegedly demanded an additional bribe of Rs 25,000 and threatened to close the account if the amount was not paid. Acting on the complaint, the CBI laid a trap and caught Rastogi red-handed while accepting illegal gratification of Rs 10,000 from the complainant. Following the investigation, the agency filed a chargesheet against him on Dec 18, 2015.
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