Ashok Pannalal Jain, chairman of Vaidyanath Urban Cooperative Bank in Parli in Maharashtra’s Beed district was recently arrested for allegedly demanding and accepting a bribe of Rs 10 lakh to sanction Rs 2.5 crore to an account holder, reports PTI.
Quoting ACB sources the news agency said a case is being registered against the accused person.
Jain was caught red handed while he was accepting the bribe.