Crime Reporter
The Anti - Corruption Branch of CBI, Chennai has arrested Chief Manager, Indian Overseas Bank, Karamadai Branch Coimbatore for demanding and accepting bribe of Rs.50,000/- from the Complainant.

The Complainant's firm, engaged in the manufacture of Iron casting for automobiles, was maintaining account with IOB, Karamadai and having cash credit facilities. The Complainant is the Managing Director and his wife is a Director of the company. During June, 2008, the company submitted a proposal to accused, Chief Manager, IOB, Karamadai for enhancing their cash-credit limits. The clarifications sought on the propsoal by the General Manager was also provided by the company. However, the accused demanded a bribe of Rs.50,000/- for enhancing the cash-credit limits. He instructed that the bribe amount of Rs.50,000/- might be delivered to him on 05.08.08 at the branch premises at Karamadai.

The Complainant lodged a complaint with the CBI. The CBI laid a trap and the accused was caught red-handed while demanding and accepting the bribe of Rs.50,000/- from the complainant.