The Punjab Vigilance Bureau (VB) during its ongoing drive against corruption in the state, has apprehended Ravneet Singh Recovery Agent working in the company of Saviour Recovery Agency, Ludhiana, red-handed while accepting a bribe of Rs. 10,000/-.
Disclosing this here today, an official spokesperson of the state VB said the above-mentioned accused has been arrested based on a complaint lodged by a resident of Kabir Nagar, Basti Jodhewal, Ludhiana.He stated that the complainant has been operating a garment factory under the name "G.N.W." on the first floor of his residence since 2007.
The complainant had secured a Cash Credit (CC) limit/loan of ₹40 Lakhs for the factory from IDBI Bank. Due to non-payment, the loan matter is currently sub-judice before the Debt Recovery Tribunal (DRT) in Chandigarh.On 25-05-2026, an individual named Ravneet Singh approached the complainant.
Introducing himself falsely as an employee of Tehsil East, Ludhiana. Ravneet Singh served a notice bearing the signature of the Tehsil East authority to the complainant. He informed the complainant that IDBI Bank was scheduled to take over the property on 28-05-2026.
Accused Ravneet Singh then demanded a bribe of ₹60,000 to delay the possession, promising that he would arrange a three-month extension to settle the loan.He further stated that Ravneet Singh had already accepted a first instalment of ₹20,000, allegedly on behalf of other officials, to facilitate the settlement.
Ravneet Singh was further demanding a second instalment of ₹10,000. The complainant recorded the conversation while demanding bribe.Unwilling to pay the illegal gratification, complainant approached the VB range Ludhiana.
Acting on his complaint, the VB team laid a trap during which the accused recovery agent was arrested red handed while accepting bribe money of Rs 10,000/- from the complainant in presence of two official witnesses.During the investigation Accused Ravneet Singh was not found an employee of Tehsil East District Ludhiana. Ravneet Singh was found to be working as a recovery agent in Savior Recovery Agency Ludhiana.
If the role of any officer/employee of IDBI Bank or Tehsil East comes to light, then it will be considered during the investigation.In this regard, a case under prevention of corruption act has been registered against the accused at VB police station Ludhiana and further investigation into this case is under progress.