An SBI officer and his wife have been booked by CBI in a case related to disproportionate assets.
The Central Bureau of Investigation (CBI) has registered a disproportionate assets (DA) case against a former State Bank of India (SBI) cash officer in Tirupur and his wife.
The agency alleged that they accumulated assets worth ₹72.36 lakh beyond their known sources of income over a five-year period.
According to an FIR registered by the CBI’s Anti-Corruption Branch (ACB) in Chennai, B. Sekhar, who was serving as Cash-in-Charge at SBI’s Kethanur Branch in Tirupur, and his wife, Vasantha Vimala, were found to possess assets disproportionate to their lawful income between 2017 and 2022.
The CBI alleged that Sekhar, being a public servant, acquired assets illegally in his own name as well as in the names of his family members. The agency stated that the disproportionate assets amounted to ₹72.36 lakh, which was 84.54% higher than his known sources of income during the check period.
According to the investigation, the family’s assets increased from ₹18.91 lakh at the beginning of the check period to ₹1.43 crore by March 2022. The agency alleged that assets worth ₹1.24 crore were acquired during this period. Their expenditure was estimated at ₹34.09 lakh, while their total income was ₹85.58 lakh.
The case arose from an earlier CBI investigation into alleged irregularities in agricultural gold loans at SBI’s Kethanur Branch. In that case, registered in January 2025, Sekhar and others were accused of pledging fake jewellery to obtain agricultural gold loans and misappropriating bank funds, causing substantial losses to the bank.
During the investigation of the gold loan case, the CBI examined financial records and property documents related to Sekhar and his family members. The agency claimed that this examination revealed the accumulation of wealth that was disproportionate to their known and lawful sources of income.
The wife of SBI officer has been booked as the transactions were routed through her. CBI has clearly stated that the family members of government employees should not support them in bribery and corruption cases.
More details will be released soon.
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