Face2News/Patna

The Ld. Special Judge for CBI Cases, Court-1, Patna today i.e. 27.01.2025 sentenced 05 accused including Indresh Mishra, then Branch Manager, Kshetriya Gramin Bank, Munger; Om Prakash Sharma, then Field Supervisor of Munger Gramin Bank, Barahia; Vinod Kumar Singh, Development Officer of Oriental Insurance Co., Munger and two private persons namely Badan Singh and Sadan Singh to three years’ Rigorous Imprisonment (RI) with fine of Rs. 50,000/- in a Bank-cum-insurance fraud case. 

CBI had registered the instant case on 29.03.1997 against accused Indresh Mishra, then B.M., Kshetriya Gramin Bank, Munger and 09 others. It was alleged that accused while functioning as Branch Manager during the period 1983-88 dishonestly abused his official position opened 76 fictitious loan accounts in the name of different persons, withdrew and misappropriated sum of Rs. 3,92,429/- by manufacturing false documents fraudulently and dishonestly. 

It was also revealed during investigation that accused Bank officials entered a criminal conspiracy with private persons said to be carrying on the business as Fake Suppliers and manufactured bogus documents of purportedly supplying materials to the borrowers. 

It was further disclosed that accused then Branch Manager Indresh Mishra sanctioned and disbursed cattle loans to 25 fictitious borrowers and paid to the said suppliers even without actual supply of cattle/ material. After about the few months, animals were shown dead and claims were filed before the Orintal Insurance Company. As a matter of fact, neither animals were purchased nor had the suppliers supplied any cattle to the borrowers. 

After completion of investigation, CBI filed chargesheet before the Ld. Court of Spl. Judge for CBI cases, Patna on 19.03.1997 against accused including those convicted/ sentenced today. 

The Court, after trial, found accused guilty and sentenced them accordingly.