THREE PRIVATE PERSONS SENTENCED TO UNDERGO RIGOROUS IMPRISONMENT IN A CBI CASE

Press Release
New Delhi , 12.04.2012

            The Additional Chief Metropolitan Magistrate, Egmore, Chennai has convicted K.M Mushtak; I.Raja Mohammed and Smt Naseemunisa for causing loss of Rs.45.56 Lakh to Canara Bank and sentenced them to undergo one year Rigorous Imprisonment with a total fine of Rs.75,000/-.

 

            A case was registered by CBI against K.M Mushtak; I.Raja Mohammed; S.Mohammed Imitiaz and Smt. Naseemunisa on the allegation that they entered into criminal conspiracy during 2002 to cheat Canara Bank, Kelly Branch, Chennai by way of availing cash credit facilities against fake collateral securities. In pursuance of the said conspiracy, K.M Mushtak; I.Raja Mohammed & S. Mohammed Imitiaz availed open cash credit facilities for an amount of Rs.45,56,561/- at Canara Bank Kellys Branch, Chennai in the name of M/s Dulhans & M/s Aaras Collections and submitted forged & fabricated collateral security documents showing Smt. Naseemunisa as the owner of the property. A loss of Rs.45,56,561/- was caused to Canara Bank, Kellys Branch, Chennai.

 

            After investigation of the case, a chargesheet was filed against the said accused persons in the Court of Additional Chief Metropolitan Magistrate, Egmore, Chennai U/s 120-B r/w Sec. 420 and 471 IPC. The Trial Court found K. M Mushtak; I.Raja Mohammed and Smt. Naseemunisa guilty for the offences and convicted them. Accused S. Mohammed Imitiaz was earlier convicted by the Court in a separate judgement.

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