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CBI COURT SENTENCED FOUR YEARS RI AND FINE OF 24 LACS TO THEN MANAGER OF A FIRM IN BANK FRAUD CASE

May 10, 2018 07:25 PM

Chennai (Face2News)

The Special Judge for CBI Cases, Chennai has sentenced Sh. S. Karthikeyan, then Manager of M/s. Shri Shirdi Sai Polimers Pvt. Ltd. to undergo four years Rigorous Imprisonment with fine of Rs. 24 lakh in a Bank Fraud Case.

CBI had registered a case on 25.09.2008 on the allegations that the accused persons including firm had entered into conspiracy at Chennai and attempted to cheat State Bank of Bikaner & Jaipur, Rajaji Salai Branch, Chennai in connivance with then Chief Manager, State Bank of Bikaner & Jaipur and availed credit facilities by using forged & fake documents fraudulently. A loss of Rs.246.35 lakh was caused to the Bank. Chargesheet was filed U/s 120-B r/w 409, 419, 420, 467, 468, 471 of IPC, Section 13(2) r/w 13(1)(d) of PC Act 1988 & substantive offences thereof.

After trial, the Court had convicted the accused persons for the said offences on 21.07.2016.During the trial, one of the chargesheeted accused viz. S.Karthikeyan went absconding and the case was split up against him. After sincere efforts, the said absconding accused was arrested on 06.06.2017 and remanded to Judicial Custody. The said accused worked as Manager of then promoter and director of M/s. Shri Shirdi Sai Polimers Pvt. Ltd. He opened one fictitious current account in the name of M/s.Akshaya Homes at Dena Bank, Nungambakkam branch and two more fictitious current accounts in the name of M/s.Sri Vari Plastomer at Bank of Maharashtra, Ashok Nagar and Dena Bank, Nungambakkam. He facilitated the promoter to siphon off the various credit limits availed from State Bank of Bikaner & Jaipur, Rajaji Salai Branch in connivance with then Chief Manager, State Bank of Bikaner & Jaipur.The Trial Court found the said accused guilty and convicted him.

 

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