Tuesday, April 22, 2014

Liquidation officer held for taking Rs 48.56 lakh bribe

A team of state anti-corruption bureau (ACB) caught two for taking bribe from ex-employees of Ahmedabad Municipal Corporation Employees' Cooperative Bank on Tuesday at AMC's Danapith premises. The liquidation officer and his adviser were found in possession of Rs 48.56 lakh.

Vijay Bhavsar, an ex-employee of the bank, approached the ACB, alleging that liquidation officer Krishnakant Patel had demanded 30% cut of the final payment to be made to the employees towards the arrears. A team of ACB kept watch near the bank's office at Danapith and caught Saurabh Patel, a consultant to Krishnakant Patel.

Ashish Bhatia, special director, ACB, told TOI that the bag contained Rs 48.56 lakh in cash which belonged to Krishnakant. "It was a big scam in which Patel was taking money from more than 20 persons' payments," 

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