Bank official gets three years in jail for Rs 20,000 bribe

NEW DELHI: An official of Indian Overseas Bank was sentenced to three years in jail by a Visakhaptnam court for demanding a bribe of Rs 20,000 from another employee to help him get a transfer.

The Special Judge for CBI cases in Visakhaptnam sentenced V M M V Nagendra Rao, Special Cadre Assistant with the bank's Seetharampuram Branch in Vijayawada, to three years of simple imprisonment and also slapped a fine Rs 20,000.

According to the CBI chargesheet against Rao, the accused had demanded a bribe of Rs 20,000 from a Clerk-cum-Cashier when he requested for a transfer to Kothagudem Branch on personal grounds, a CBI release said here today.

Rao, who was also Assistant General Secretary, All Indian Overseas Bank's Employees Union Vijayawada Region told the person that he can get it done by using his influence and demanded the bribe, the CBI said.

The complainant got a transfer to Kothagudem Branch in the second week of December 2007 after which Rao again demanded the bribe and warned that if he didn't get the money then he will get him transfred to a remote place, it said.

CBI laid a trap and allegedly caught the accused red handed while accepting a bribe of Rs 15,000 from the complainant.

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Bank official gets three years in jail for Rs 20,000 bribe