Bhopal News: 7 Years Rigorous Imprisonment To Ex-bank Manager, One More In Bank Fraud Case
· Free Press Journal
Bhopal (Madhya Pradesh): The CBI court, Bhopal, convicted and sentenced two accused, Piyush Chaturvedi, the then senior branch manager of Misrod branch, Bhopal, and Mohan Singh Solanki, a private person, to rigorous imprisonment for seven years along with a total fine of Rs 60,000 in a bank fraud case, officials said on Thursday.
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The CBI registered the case on Jan 25, 2016, based on a written complaint filed by the then deputy zonal manager.
It was alleged that Chaturvedi, the then senior branch manager, fraudulently and dishonestly sanctioned a term loan of Rs 27 lakh in the name of M/s Vision Computer.
After sanctioning the loan, Chaturvedi, in conspiracy with co-accused Solanki, transferred the loan amount to the account of M/s Ajab Kumar Industries, proprietor Krishna Bai Solanki, wife of Mohan Singh Solanki.
Bhopal News: CBI Court Sentences 7-Year Jail Term To Ex-Senior Bank Manager Of Misrod Branch Over ₹27 Lakh Loan FraudThereafter, both the accused misappropriated the amount, causing wrongful loss to the bank and corresponding wrongful gain to themselves.
After completion of the investigation, the CBI filed a chargesheet against the accused. The court, after trial, convicted and sentenced them accordingly.