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THREE YEARS RI TO THEN BRANCH MANAGER OF STATE BANK OF MYSORE AND THREE OTHERS FOR CHEATING BANK

January 17, 2018 09:25 PM

Bhopal (Face2News)

The Special Judge, CBI Cases, Bhopal has sentenced. A.S. Hegde, then Branch Manager; Sh. Ravindra Kumar, then Assistant Manager, both working in State Bank of Mysore, Bhopal; Shri Ravi Sahu, proprietor of M/s Tanu Shree Homes and Shri Raj Kumar Rai (private person) to undergo three years Rigorous Imprisonment with fine of Rs. 1.20 lakh to Rs. 1.30 lakh for cheating the Bank.

CBI had registered a case U/s 120-B r/w 420 of IPC and 13(2) r/w 13(1)(d) of PC Act, 1988, on 02.08.2011 on a complaint received from State Bank of Mysore, HO, Bangalore against Shri A.S. Hegde, the then Branch Manager & Shri Ravinder Kumar, the then Assistant Manager, State Bank of Mysore, Bhopal and others on the allegations that Shri A.S. Hegde & Shri Ravinder Kumar during their posting at State Bank of Mysore, Bhopal from 2006 to 2009, sanctioned & disbursed 21 housing loans in the name of various borrowers. These borrowers were brought in by Shri Ravi Sahu, proprietor, M/s Tanu Shree Homes but the construction was not taken up. The builder thus cheated the Bank to the tune of Rs. 200.40 lakh (approx).

After completion of investigation, chargesheet was filed in the Court of Special Judge for CBI Cases, Bhopal against Shri A.S. Hegde, the then Branch Manager & Shri Ravinder Kumar, the then Assistant Manager, State Bank of Mysore, Bhopal; Shri Ravi Sahu, proprietor of M/s Tanu Shree Homes and Shri Raj Kumar Rai (private person), resident of village- Silwani, District-Raisen (Madhya Pradesh).The Trial Court found the accused guilty and convicted them.

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