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TEN YEARS RI TO THEN DM OF SBI IN A CASE RELATING TO MISAPPROPRIATION OF Rs. 1.21 CRORE

November 30, 2017 09:05 AM

Ranchi (Face2News)

The Special Judge for CBI Cases, Ranchi has sentenced Sh. Prasant Kumar Ghosh, the then Deputy Manager (Accounts), State Bank of India, Main Road Branch, Ranchi to undergo 10 years Rigorous Imprisonment U/s 409 of IPC with fine of Rs. 50 lakh and further sentenced him to undergo 3 years RI U/s 13 (2) r/w 13(1) (c) of the PC Act, 1988 with fine of Rs. 50 lakh. All the sentences of imprisonment shall run concurrently. Out of the said fine amount, 50% shall be paid to the SBI Main Road Branch, Ranchi.

This case was registered against Sh. Prashant Kumar Ghosh, the then Deputy Manager (Accounts) and the then Deputy Manager (Cash), both from State Bank of India, Main Road Branch, Ranchi on 10.09.2002 on a complaint from SBI, Patna. It was alleged that an amount of Rs. 1.21 crore was misappropriated from the Strong Room of State Bank of India, Main Road Branch, S N Ganguly Road at the hands of accused persons who were joint custodians holding charge and were responsible for the loss of cash detected during physical verification of the Currency Chest carried out from 6thSeptember, 2002 to 8th September, 2002.

After investigation, a chargesheet was filed against the two accused in the court of Special Judge, CBI Cases, Ranchi on 23.12.2004. The Trial Court found the accused guilty and convicted him. The other accused, then Deputy Manager (Cash) has since died.

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