CBI court convicts ex-bank manager, private individual in Rs 30 lakh fraud case

Bhopal, July 8 (IANS) A special CBI court in Bhopal on Wednesday sentenced a former Bank of India branch manager and a private individual to seven years of rigorous imprisonment in a bank fraud case involving the fraudulent sanction of a Rs 30 lakh loan.

The court also imposed a total fine of Rs 60,000 on the two convicts, the Central Bureau of Investigation (CBI) said in a statement.

The convicts have been identified as Piyush Chaturvedi, the then Senior Branch Manager of Bank of India, Misrod branch in Bhopal, and Mohan Singh Solanki.

According to the CBI, the case was registered in January 2016 following a complaint by the then Deputy Zonal Manager of the Bank of India in Bhopal.

The agency alleged that Chaturvedi had sanctioned a term loan and cash credit limit of Rs 30 lakh in the name of M/s Sunny Enterprises in November 2013.

“On the same day, Rs 22 lakh was transferred through an RTGS transaction from the firm’s account on the basis of forged and fabricated RTGS forms and vouchers to the account of M/s Gold Fly Aish of accused Mohan Singh Solanki,” the CBI said.

The investigation found that the amount was allegedly misappropriated by the two accused as part of a criminal conspiracy, resulting in a financial loss to the bank.

After completing the investigation, the CBI filed a chargesheet against both accused before the special court.

“After completion of investigation, the CBI filed a chargesheet against accused Piyush Chaturvedi and Mohan Singh Solanki. The court, after the trial, convicted and sentenced the accused persons accordingly,” the agency said.

The CBI said the case relates to the fraudulent sanction of a bank loan and diversion of funds using forged banking documents.

The judgment brings to an end the decade-old case registered on the complaint of the bank.

–IANS

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