Bank of Baroda

Ranjit Mahanti

RAJENDER Kumar Gupta, former manager of Bank of Baroda in New Delhi has been sentenced to three years imprisonment for taking bribe in exchange for releasing sanctioned loan amount. The special CBI judge Dinesh Kumar Sharma found 55-year-old Gupta of taking illegal gratification and criminal misconduct by public servant under the Prevention of Corruption Act and also imposed a fine of Rs 50,000 on him.

According to CBI sources Gupta, however, was released on bail on furnishing a bond of Rs 20,000 and a surety of like amount for filing an appeal against his conviction and sentence before a superior court.

CBI had registered a case on January 1, 2009 on a complaint by Yogesh Talan, Managing Director of Startech Enggcon Pvt Ltd, from whom Gupta had demanded bribe for releasing the sanctioned amount of loan.

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