ADMINISTRATIVE OFFICER OF UNITED INDIA INSURANCE CO. AND TWO MANAGERS OF CENTRAL BANK OF INDIA SENTENCED IN SEPARATE CASES OF CBI

Press Release
New Delhi , 14-12-2011

 

 

The Special Judge for CBI Cases, Indore has convicted Shri Jeevan Kumar Jain, the then Administrative Officer, United India Insurance, Indore U/s 13(2) r/w 13(1)(e) of PC Act, 1988 and sentenced him to undergo three years Rigorous Imprisonment with a fine of Rs. 7,00,000/-.

A case was registered on 25.06.2004 on the allegation that accused Shri Jeevan Kumar Jain, the then Administrative Officer, United India Insurance Co. Ltd, DO-1, Indore during the period 1992 to Dec. 2002, had amassed huge assets, both moveable & immovable to the tune of Rs.33,01,541/- (approx) in the form of House, Plots, NSCs, KYPs FDR and Bank deposits in his name & in the name of his family members.

During the investigation of the case, it was revealed that the accused had acquired assets in his name & in the name of his dependent family members, which were disproportionate to the tune of Rs. 14 Lakh (approx) to his known sources of income.

A chargesheet was filed in the Court of Special Judge for CBI Cases, Indore, against Shri Jeevan Kumar Jain, the then Administrative Officer , United India Insurance Co. Ltd, Indore U/s 13(2) r/w 13(1)(e) of PC Act, 1988. The Court found the accused guilty and convicted him.

In another case, the Special Judge, CBI cases, Jabalpur has convicted S/Shri S.D. Bajirao, the then Branch Manager and V. Valmiki, the then Asstt. Manager (Field Officer), both of Central Bank of India, Pandurna Branch, District Chhindwara, (MP) U/s.120-B, IPC and Sec. 7 & 13(2) r/w 13(1)(d) of PC Act Act, 1988 and sentenced them to undergo three years Rigorous Imprisonment with a fine of Rs.12,000/- in a bribery case.

A chargesheet was filed before the court of Special Judge, CBI Cases, Jabalpur on 30.04.2010 U/s 120-B IPC and 7 & 13(2) r/w 13(1)(d) of PC Act 1988 against Shri S.D. Bajirao, the then Branch Manager and the then V. Valmiki, Asst. Manager (Field Officer), both of Central Bank of India, Pandhurna Branch alleging that they entered into a criminal conspiracy with each other and demanded an illegal gratification of Rs. 8,000/- from the complainant, for disbursement of second instalment of housing loan sanctioned in the name of complainantís wife. The Court found both the accused guilty and convicted them


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