Did CBI Raid the Home of Suspended Bank Manager in Jodhpur Over Disproportionate Assets?
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Synopsis
In a startling development, the CBI has raided the home of Vivek Kachhwaha, the suspended Bank of Baroda manager, in connection with a disproportionate assets investigation. The probe reveals alarming discrepancies in his reported income versus asset accumulation, raising questions about corruption and the integrity of banking officials.
Key Takeaways
- CBI raids the home of a suspended bank manager.
- Investigation focuses on disproportionate assets.
- Evidence includes luxurious properties and large investments.
- Significant discrepancies found between income and asset accumulation.
- Ongoing investigations into banking sector integrity.
Jodhpur, July 10 (NationPress) The Central Bureau of Investigation (CBI) conducted a raid at the residence of Vivek Kachhwaha, who has been suspended from his role as the manager of the Bank of Baroda's Raimalwada branch, as part of an investigation into a case of disproportionate assets, officials confirmed on Thursday.
The raid took place on Wednesday at his residence located in Jai Teeja Enclave, Nagauri Bera area of Mandore. During the search, CBI officials discovered documents pertaining to a luxurious bungalow valued at several crores, agricultural land estimated at lakhs in the Daijer area, and a plot acquired in Raimalwada during his tenure as branch manager. The agency also seized crucial documents indicating investments totaling several lakhs in the share market and LIC policies, along with other significant evidence.
The current market value of the seized properties is under assessment.
Previously, Kachhwaha was apprehended by the CBI on February 17 for accepting a bribe of Rs 20,000 in return for approving a Kisan Credit Card loan.
Following his arrest, an investigation into his bank accounts and locker led to the recovery of over 80 tolas of gold jewelry, after which he was suspended from his position.
Since then, he has been under close scrutiny by the CBI, which has initiated a detailed investigation into his financial records, bank transactions, and property holdings.
This inquiry ultimately revealed a case of disproportionate assets, culminating in the current raid.
A fresh FIR was filed on July 8 by Inspector Madan Beniwal, under the supervision of CBI (ACB) Jodhpur DIG Rajveer Singh, asserting that Vivek had accumulated assets far exceeding his known sources of income.
As per the CBI report, between June 1, 2024, and February 17, 2025, Vivek acquired assets amounting to Rs 58,59,818. These assets include gold jewelry, cash, bank balance, a vehicle, shares, and substantial agricultural land in Khasra number 94 of Daijer village. In contrast, the total legal income of Vivek and his family during this period was Rs 17,48,460, which encompassed his bank salary. Out of this, Rs 5,75,329 was utilized for home loan EMIs, income tax, and household expenses.
The CBI estimates that the cumulative expenditure and asset acquisitions sum up to Rs 64,35,147 -- revealing a discrepancy of Rs 46,86,687. This discrepancy amounts to approximately 260 percent more than his known income, strongly indicating the accumulation of unaccounted wealth. Further investigations are ongoing, according to officials.
Point of View
I emphasize the importance of transparency and accountability in our financial institutions. The CBI's ongoing investigation into Vivek Kachhwaha highlights pressing concerns around corruption and the need for rigorous checks within the banking system. It is crucial that we remain vigilant and ensure our financial leaders uphold the highest standards of integrity.
NationPress
08/09/2025
Frequently Asked Questions
What prompted the CBI raid on Vivek Kachhwaha?
The CBI raid was prompted by an investigation into disproportionate assets linked to Vivek Kachhwaha, following his earlier arrest for bribery.
What evidence was found during the CBI raid?
During the raid, the CBI found documents related to a luxurious bungalow, agricultural land, and substantial investments, among other key evidence.
What are the allegations against Vivek Kachhwaha?
Vivek Kachhwaha is accused of accumulating assets significantly greater than his known sources of income, suggesting potential corruption.
How much did Vivek Kachhwaha reportedly earn compared to his assets?
Vivek's legal income during the specified period was approximately Rs 17,48,460, while his asset acquisitions totaled Rs 64,35,147, revealing a significant discrepancy.
What are the next steps in the investigation?
The CBI continues to investigate the details surrounding Kachhwaha's financial records, bank transactions, and property holdings.
