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Crime
Sikkim Vigilance Police Arrest State Bank of Sikkim GM in Disproportionate Assets Case
✍️ India Today NE
🗓 30 Sep 2026, 05:32 PM
👁 11
Sikkim vigilance police have taken into custody the former general manager of State Bank of Sikkim on charges of holding assets disproportionate to his known income.
Sikkim vigilance police announced the arrest of the former general manager of State Bank of Sikkim, citing a disproportionate assets case. The official statement said the officer was detained after investigators found evidence suggesting his wealth far exceeded his legitimate earnings.
The probe, which began earlier this year, examined the bank official's financial disclosures, property records and bank statements. Authorities allege that the assets acquired by the former GM cannot be accounted for by his salary and known sources of income.
Police officials declined to disclose the exact amount of assets involved, citing the ongoing nature of the investigation. The arrested individual has been produced before the local magistrate, and further legal proceedings are expected to follow.
No comment was obtained from the State Bank of Sikkim regarding the arrest, and the vigilance department indicated that the case will be pursued in accordance with the state's anti-corruption laws.
The probe, which began earlier this year, examined the bank official's financial disclosures, property records and bank statements. Authorities allege that the assets acquired by the former GM cannot be accounted for by his salary and known sources of income.
Police officials declined to disclose the exact amount of assets involved, citing the ongoing nature of the investigation. The arrested individual has been produced before the local magistrate, and further legal proceedings are expected to follow.
No comment was obtained from the State Bank of Sikkim regarding the arrest, and the vigilance department indicated that the case will be pursued in accordance with the state's anti-corruption laws.