The chief manager of a branch of Punjab National Bank in Ludhiana has been arrested on charges of accepting bribefrom a customer.
The accused, Ram Niwas Malik was caught red handed by Vigilance Bureau (VB) of Ludhiana for accepting bribe worth Rs 50,000.
The customer had lodged a complaint with the police that he was been pestered for bribe for getting his loan installment sanctioned.
The customer, Baldev Singh owns a dairy farm and wanted a loan worth Rs 1.35 crore. He had received Rs 64 lakh in various instalments.
When Singh next went to the bank to get his next installment released, he was asked for a bribe worth Rs 1.5 lakh for the same which was later settled on Rs 1 lakh to be given to him in two installments.
The manager now caught, a case has been registered against him, police said.