Loan recovery officer held for taking bribe in Mumbai

Written By Poornima Swaminathan | Updated:

According to the CBI, the complainant had taken a loan from Canara Bank but was unable to repay it. The bank then decided to auction off his flat. The original value of the flat was Rs1.3 crore.

The Anti-Corruption Bureau of the Central Bureau of Investigation (CBI) arrested a loan recovery officer for allegedly demanding a Rs3 lakh bribe to hike the price of a flat that was to be auctioned.
Naresh Kumar, a recovery officer of the debt recovery tribunal-II, was arrested from Ghatkopar on Thursday after a complaint was registered against him.

According to the CBI, the complainant had taken a loan from Canara Bank but was unable to repay it. The bank then decided to auction off his flat. The original value of the flat was Rs1.3 crore.

However, Kumar told the complainant that he could arrange for an advertisement saying that it was worth Rs3.50crore,” said Praveen Salukhe, deputy inspector general, ACB, CBI. “For this, he demanded a bribe of Rs3lakh.”  Kumar was produced in court which remanded him in custody till June 22.