The Central Bureau of Investigation (CBI) has registered a case against an official (award staff & cash-in-charge), State Bank of India, Sakhinetipalli Branch, East Godavari District (Andhra Pradesh) on the allegations that the accused used to create Gold Loans in CBS without having pledged, required Gold ornaments. It was further alleged that during the period between December 30, 2016 & January 22, 2021, he credited the loan amounts to 319 Saving Bank accounts of 246 members, involving an amount of Rs. 669 lakh (approx.), where Gold loan bags were not traceable. In 37 cases, the Gold Loans sanctioned were more than the value of the gold ornaments amounting to Rs. 38 lakh (approx.). It was thus alleged that the accused had fraudulently created Gold Loan accounts in the name of several persons and caused loss of Rs. 7.07 crore (approx.) to the Bank. In yet another case,  the Special Judge, CBI cases, Ernakulam(Kerala) has  sentenced  Vikas Gumber, Chief Manager, SBI, Inspection Department, Bangalore to undergo two years Simple Imprisonment with total fine of Rs.2 lakh in a bribery case.