Machilipatnam, October 29: Krishna district Co-operative Central Bank Chief Executive Officer N Rangababu was arrested by the Anti-Corruption Bureau (ACB) for allegedly accepting a bribe of Rs 1,00,000 on Tuesday evening, police said.

According to the bureau ASP, S Saikrishna, the bank CEO was caught red-handed while accepting the bribe from complainant K Lakshmi Nancharaiah. Former ICICI Bank CEO Chanda Kochhar, Husband Deepak & Videocon Chief Venugopal Dhoot Booked by CBI for Corruption.

Rangabbau had accepted the cover containing cash in favour of sanctioning Rs 7.58 lakh to the complainant for publishing and printing stationery for 2020, said ACB officials. A case had been registered against the bank official, the ASP said.

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