CBI Arrests Former PNB Manager and Century Enterprises Owner Over Cash Credit Bribery
Investigators uncovered bank records showing that a ₹20 lakh credit limit was illegally extended in return for payments from M/s Century Enterprises.
Overview
- The CBI registered a case on June 4 against former PNB Dimapur branch senior manager Seiminthang Singson and Century Enterprises proprietor Sanjit Chandra Dey for alleged bribery tied to cash credit approvals.
- Allegations state Singson received ₹1 lakh upfront for extending a ₹20 lakh credit facility despite the firm’s unsound financial status.
- Raids at seven sites across Dimapur and Guwahati on June 6–7 yielded incriminating documents, invoices worth ₹2,06,200 and seized electronics purchased in Singson’s name.
- Investigators determined the total undue advantage to Singson amounted to ₹1,69,000 and confiscated items from his residences in Dimapur and Guwahati.
- Both suspects were arrested, produced before courts on June 7, and remain in CBI custody as the investigation continues.