In Lucknow, a special Central Bureau of Investigation (CBI) Court on Tuesday, September 23, sentenced a bank manager and two others involved in a Rs 6.8 crore bank fraud case, according to a release.
The accused have been sentenced to three years imprisonment and a fine of Rs 1.25 lakh has also been imposed.Â
The CBI court convicted and sentenced Pankaj Khare, Deputy Chief Manager, Bank of India, two private persons – Rajesh Khanna and Shamshul Haq Siddiqui – in a case registered in 2008 on the complaint of Bank of India, said the CBI official.
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The court also imposed a fine of Rs one lakh on an accused private company, Anita Contractor and Construction Private Limited, in the case, said the statement.
The case was registered by the CBI on July 9, 2008, based on a complaint of the Assistant General Manager, Bank of India, Main Branch, Hazratganj, Lucknow.
According to the complaint, the accused conspired criminally with others between 2004 and 2006 to defraud the Bank of India, Lucknow Branch, by obtaining a cash credit facility based on fake and forged work orders that never existed.
The company and its officials also submitted forged property documents for the creation of an equitable mortgage and utilised the amount for purposes other than for which it was sanctioned and thereby caused a wrongful loss to the bank to the tune of Rs 6.80 crore and corresponding wrongful gain to themselves, said the complaint.
After investigation, the CBI filed a charge sheet on December 23, 2009, against the accused, including Anita Jain, Managing Director of Anita Contractor and Construction Private Limited; Mohd. Isteyaq Khan, a private person; Pankaj Khare, Deputy Chief Manager, Bank of India; Poonam Sinha, a private person; Prem Prakash Asthana, Chief Manager, Bank of India; Rajesh Khanna, a private person; Shamshul Haq Siddiqui, a private person; Sudhir Kumar Jain, proprietor of Jamuna Construction Company and Director of Anita Contractor and Construction Private Limited; and Anita Contractor and Construction Private Limited (through Anita Jain).
The CBI statement said Prem Prakash Ashthana and Poonam Sinha have been discharged by the Special CBI Court. Sudhir Jain and Mohd. Isteyaq Khan expired during the trial of the case.
