The Central Bureau of Investigation (CBI) has arrested a bank officer, Prince Kumar Jha, for accepting a bribe of ₹15,000 in connection with the disbursement of a ₹5 lakh Mudra loan. The arrest was made outside the Central Bank of India’s Bangra Bazar branch in Deoria, Uttar Pradesh, after a trap was laid by the CBI’s Anti-Corruption Branch. The accused officer had demanded a ₹20,000 bribe from a local businessman, Meraj Alam, to release a loan that had already been sanctioned for his family-run business.
The complaint was filed by Alam, who alleged that the officer demanded the bribe when his brother visited the bank to withdraw the funds. Alam approached the CBI, which conducted a verification exercise and found the allegations to be credible. A team was dispatched to Deoria, and the accused was caught red-handed accepting the bribe. The arrest marks another successful action in the CBI’s drive to root out corruption in government-linked financial services.
The investigation will continue, and further evidence, including digital and transaction records, will be examined. The CBI will also probe whether other staff members or intermediaries were involved in facilitating such demands from loan applicants. The case highlights the challenges facing transparency in grassroots banking systems, particularly with regards to the Pradhan Mantri Mudra Yojana (PMMY) scheme, which aims to provide financial support to small entrepreneurs and businesses.
Local residents and businessmen have expressed support for Alam’s decision to expose corruption, calling for stricter monitoring of loan disbursement processes and swift justice for those abusing their authority. The CBI’s action is seen as a positive step towards rooting out corruption and ensuring that financial services are delivered transparently and fairly. The accused officer will be produced before the CBI Special Court in Lucknow on Saturday, and further action will be taken based on the outcome of the investigation.
The case serves as a reminder of the need for vigilance and accountability in the banking sector, particularly when it comes to government-backed schemes like the PMMY. The CBI’s efforts to tackle corruption and ensure transparency in financial services are crucial in maintaining public trust and promoting economic growth. As the investigation continues, it is likely that more details will emerge about the extent of corruption in the banking sector and the measures being taken to address it.