What Led to the Conviction of a Bank of Baroda Manager in a Bribery Case?
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Synopsis
In a significant legal verdict, a Special CBI Court in Lucknow has convicted a Bank of Baroda branch manager, Ram Swaroop Mishra, sentencing him to five years in prison for bribery. This case sheds light on corruption in banking practices, raising questions about accountability and transparency.
Key Takeaways
- Ram Swaroop Mishra sentenced to five years for bribery.
- Rs 50,000 fine imposed by the court.
- Bribery case highlights issues of corruption in banking.
- CBI's proactive approach in tackling such cases.
- Importance of ethical standards in financial institutions.
Lucknow, Nov 13 (NationPress) A Special CBI Court in Lucknow has found Ram Swaroop Mishra, the Branch Manager of Bank of Baroda’s Baskhari branch located in Ambedkar Nagar district, guilty and sentenced him to five years of rigorous imprisonment along with a fine of Rs 50,000 in connection with a bribery case, as reported by an official statement on Thursday.
The Central Bureau of Investigation (CBI) initiated the case on March 7, 2017, following a complaint that Mishra had solicited a bribe from a beneficiary of a loan under the Kamdhenu Yojana.
The complainant had been approved for a loan amounting to Rs 20.25 lakh by the Bank of Baroda’s Baskhari branch. Although a portion of the sanctioned sum had been credited to the complainant’s account, it was later frozen.
Upon inquiring about the hold, the complainant alleged that Mishra demanded a bribe of Rs 30,000 to release the remaining funds.
After negotiations, Mishra consented to accept Rs 25,000 as illegal remuneration, which was to be paid via a signed blank cheque.
Upon receiving the complaint, the CBI set a trap, during which Mishra was apprehended while taking the cheque. The cheque was confiscated from him at the time of the operation.
Following the investigation, the CBI submitted a chargesheet on March 31, 2017. The Special CBI Court, after the trial's conclusion, found Mishra guilty and handed down the sentence on Wednesday, November 12.
On the same day, the CBI announced the arrest of the Bank Manager of Axis Bank in Mumbai for his involvement in facilitating the establishment of mule accounts.
The suspect, identified as Nitesh Rai, was arrested on November 11.
The investigation revealed that this bank official, in conspiracy with cybercriminals, accepted illegal payments and, by misusing his official authority, processed account opening forms that enabled the movement and layering of proceeds from cybercrime.
Point of View
It's crucial to acknowledge the implications of this case on public trust in financial institutions. The conviction of Ram Swaroop Mishra serves as a reminder of the importance of upholding ethical standards in banking. The strong stance taken by the CBI reinforces a commitment to combating corruption and enhancing transparency in the sector.
NationPress
14/11/2025
Frequently Asked Questions
What was Ram Swaroop Mishra convicted for?
Ram Swaroop Mishra was convicted for demanding a bribe from a loan beneficiary under the Kamdhenu Yojana.
How long is the sentence imposed on Mishra?
Mishra was sentenced to five years of rigorous imprisonment.
What fine was imposed on Mishra?
Mishra was also fined Rs 50,000.
When was the CBI trap set to catch Mishra?
The trap was set after the complaint was lodged, resulting in Mishra's arrest while accepting the bribe.
What other related arrests have been made?
The CBI recently arrested Nitesh Rai, a Bank Manager at Axis Bank in Mumbai, for facilitating mule accounts linked to cybercrime.
