Case Study

BRANCH MANAGER OF CENTRAL BANK OF INDIA SENTENCED IN A

DISPROPORTIONATE ASSETS CASE

Background:

This case was an off-shoot of another regular Case registered U/s 7 of PC Act, 1988 against
the accused Shri Rajesh Kumar Shrivastava. Branch Manager, Central Bank of India,
Bichchiya Niwas Branch ( Shahpura) District Dindori (MP) in which he was caught red
handed on 06.09.2008, while demanding and accepting a bribe. A special CBI court in
Madhya Pradesh has sentenced a Central Bank of India Manager to three years of rigorous
imprisonment for possessing assets disproportionate to his known sources of income and
taking bribe.

Introduction:

During the search conducted at the residential premises of accused at Jabalpur, documents as
well as cash, indicating alleged possession of assets disproportionate to his known sources
were seized. After verification, the instant case was registered U/s 13 (2) r/w 13 (1) (e) of PC
Act, 1988.

Case Movement:

The complainant named Ms. Avanthika Sharma, 45 Wife of one named Mr. Rahul Sharma
had alleged that R R Das aged 55, the then Branch Manager, Central Bank of India, Patan
Branch, Jabalpur was demanding Rs. 5,000 from her for sanctioning and disbursing Central
Kisaan Credit Card loan of Rs. 80,000. On September 10, 2007 CBI had registered a case
under section 7 of PC act against the accused. A trap was laid and Das was caught red
handed, while demanding and accepting the bribe amount of Rs. 5,000 from the Complainant.
Das after receiving the bribe amount of Rs. 5,000 handed over the same to Vikas Bairagi, the
advocate, who was sitting with him at the time of trap.

After thorough investigation, CBI filed charge sheet on March 26, 2008 against Das and
Vikas Bairagi in the Court of Special Judge, CBI Cases, Jabalpur under sections 120-B IPC
and section 7 and 13 (2) r/w 13 (1) (d) of PC Act.

Judgment:

The Special Judge, CBI cases, Jabalpur has convicted Shri Rajesh Kumar Shrivastava, the
then Branch Manager, Central Bank of India, Bichchiya Niwas Branch Shahpura, District
Dindori (MP) and sentenced him to undergo three years Rigorous Imprisonment with a fine
of Rs. 5.85 Lakh (approx) U/s 13 (2) r/w 13 (1) (e) of PC Act. 1988. The Special Judge has
also ordered to confiscate the Property, Cash Bank Balance, MIS/RD/FD, and amount
recovered during house search / Bank Locker of the accused. The amount of fine shall be
realized from above said movable & immovable property.