CBI arrests PNB manager in Agra for ₹52,000 bribery on solar loan files
Synopsis
Key Takeaways
The Central Bureau of Investigation (CBI) on 25 June 2025 arrested a branch manager of Punjab National Bank's (PNB) Bhadrauli Branch in Barhan, Agra, Uttar Pradesh, on charges of allegedly demanding and accepting bribes to process sanctioned solar panel loan files. The accused was caught red-handed accepting a part payment of ₹30,000 as part of an agreed total bribe of ₹52,000.
How the Trap Was Laid
The case was registered on 25 June 2025 following a complaint filed by an employee of a private company. According to the CBI, the accused manager allegedly demanded an illegal gratification of ₹7,000 per loan file to process and clear approximately 19 solar panel loan applications — files that had already been sanctioned by the bank.
After negotiations, the accused reportedly agreed to accept a consolidated bribe of ₹52,000 to clear all 19 files. Acting on the complaint, the CBI set a trap and caught the manager in the act of accepting a part payment of ₹30,000 from the complainant.
Court Production and Ongoing Investigation
The arrested manager was produced before the competent court in Ghaziabad on 27 June 2025. The CBI has confirmed that further investigation into the matter is underway. The agency has not yet named the accused publicly.
CBI-DFS Coordination on Bank Fraud
The arrest came a day after the CBI held a high-level coordination meeting with the Department of Financial Services (DFS) and Chief Vigilance Officers of public sector banks, IDBI Bank, and Life Insurance Corporation of India (LIC) in New Delhi on 26 June 2025, focused on expediting investigations into bank fraud cases.
The meeting was attended by DFS Secretary Sanjay Lohiya, CBI Additional Directors A.Y.V. Krishna and N. Venu Gopal, along with Joint Directors of the CBI and DFS Joint Secretaries Shalini Pandit, Ashish Madhaorao More, and Manoj Muttathil Ayyappan, among other officials.
According to the CBI's official statement, the day-long meeting deliberated on issues including prior approval requirements under Section 17A of the Prevention of Corruption Act, sanction for prosecution under Section 19, pending documents, bank fraud complaints, one-time settlement (OTS) concerns, recent court judgments, and matters related to mule accounts.
Why This Case Stands Out
Notably, the alleged bribery involved loan files that had already been sanctioned by the bank — meaning the manager was purportedly extorting money not to approve loans, but simply to release paperwork on approvals already granted. This points to a systemic vulnerability in last-mile loan disbursement at branch level. This is the latest in a series of CBI actions against public sector bank officials in Uttar Pradesh in recent months.