Face2News/Madurai (Tamilnadu)
The Additional District Judge for CBI Cases, Madurai (Tamilnadu) has sentenced Sh. N. Gunaseelan, then Manager (Scale-II), Syndicate Bank to undergo seven years Rigorous Imprisonment with fine of Rs. 75,000/-; S/Sh. Paul Johnson & A. Kumaresan (private persons), both to undergo three years RI with fine of Rs. 20,000/- each;
Ms. Jesuvin Febi to undergo three years RI with fine of Rs. 30,000/-; S/Sh. R. Mahalingam, C. Arumughan, Raja Thomas, R. Murali, R. Thirupati, G. Thangarajan, R. Vadamalai, A. Jesuraj, Sharun Rashit, P. Theradimuthu & S. Sundaresan, all to undergo three years RI with fine of Rs. 60,000/- each in a bank fraud case.
CBI had registered a case on 04.10.2010 against the accused on complaint from Syndicate bank, Regional Office, Coimbatore. It was alleged that private persons conspired with public servants to cheat Syndicate Bank, Dindigul Main Branch. The public servant had sanctioned and released housing loans to the tune of Rs.155.79 Lakh to the ineligible borrowers. The loan accounts became NPA to the tune of Rs.162.72 Lakh.
After investigation, Chargesheet was filed on 03-05-2012 against the accused. The Trial Court found the said accused guilty and convicted them.