CBI charges ex-SBI manager over ₹80 lakh assets

New Delhi

The Central Bureau of Investigation (CBI) has booked Pinku Kumar, a former manager of the State Bank of India’s Ramkrishnanagar Branch in Karimganj, Assam, for possessing illegal assets worth over Rs 80 lakh. The agency registered the case on June 27 following a complaint about his alleged criminal misconduct.

Between April 2019 and March 2025, Pinku Kumar reportedly held assets disproportionate to his known income, totaling Rs 99.20 lakh, which he could not explain. The CBI’s FIR alleges that this amounts to a violation under the Prevention of Corruption Act, which targets public servants abusing their position or having unexplained wealth.

Kumar is also under investigation for a separate multi-crore scam involving loans sanctioned using forged documents. The CBI’s probe revealed that Kumar conspired with brokers Sumen Paul and Jadab Paul to approve fraudulent loans, causing significant financial loss to the bank.

Earlier this year, raids linked to these cases led to the seizure of gold, diamond-studded jewellery, and silver from Kumar and the brokers. The CBI continues to investigate the matter further, aiming to uncover the full extent of corruption and recover the lost funds.