MACHILIPATNAM: Krishna district Co-operative Central Bank Chief Executive Officer N Rangababu was arrested by the Anti-Corruption Bureau (ACB) for allegedly accepting a bribe of Rs 1,00,000 on Tuesday evening, police said.
According to the bureau ASP, S Saikrishna, the bank CEO was caught red-handed while accepting the bribe from complainant K Lakshmi Nancharaiah.
Rangabbau had accepted the cover containing cash in favour of sanctioning Rs 7.58 lakh to the complainant for publishing and printing stationery for 2020, said ACB officials.
A case had been registered against the bank official, the ASP said.
Source: Press Trust of India
