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Co-op bank chief held in Maharashtra's Beed for Rs 10 lakh bribery

The process of registering a case against Ashok Pannalal Jain, chairman of the Vaidyanath Urban Co-operative Bank, was underway, the ACB said in a release.

Published: 19th October 2020 09:31 PM  |   Last Updated: 19th October 2020 09:31 PM   |  A+A-

corruption, bribe

For representational purposes

By PTI

AURANGABAD: The chairman of a cooperative bank in Parli in Maharashtra's Beed district, 125 kilometers from here, was held on Monday for allegedly demanding and accepting a bribe of Rs 10 lakh to sanction Rs 2.5 crore to an account holder, a state Anti Corruption Bureau official said.

The process of registering a case against Ashok Pannalal Jain, chairman of the Vaidyanath Urban Co-operative Bank, was underway, the ACB said in a release.

He had demanded Rs 15 lakh as a bribe to sanction Rs 2.5 crore to an account holder and was nabbed in a trap laid by the ACB's Aurangabad unit while he was accepting an installment of Rs 10 lakh at his foodgrain shop in Parli Vaijnath, the release informed.



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