TWO OFFICIALS OF CENTRAL BANK OF INDIA AND A PRIVATE PERSON SENTENCED TO UNDERGO THREE YEARS RIGOROUS IMPRISONMENT FOR CAUSING LOSS OF RS.31.90 (APPROX) TO BANK

Press Release
New Delhi , 15.06.2012

 

            The Special Judge for CBI Cases, Bhopal has convicted Shri S.A.Gani, the then Branch Manager & Suman Babu, the then Assistant Manager, both of Central Bank of India, Lahar(MP) and Ms.Pratibha Sharma (Private person) in two cases. In one of two cases, Shri S.A.Gani & Suman Babu, both of Central Bank of India were sentenced to undergo three years Rigorous Imprisonment with fine of Rs.3,00,000/- while Ms.Pratibha Sharma was sentenced to undergo three years Rigorous Imprisonment with fine of Rs.2,00,000/-. In another case, both the Bank officials were sentenced to undergo three years Rigorous Imprisonment with fine of Rs.3,00,000/-

 

            CBI had registered a case on 27.03.2006 against Shri Sheikh Abdul Gani, the then  Branch Manager of Central Bank of India Lahar & others u/s 120-B r/w 420, 419, 467, 471 r/w 468 of IPC and Sec. 13(2) r/w 13(1)(d) of PC Act, 1988 on the allegations that he had entered into criminal conspiracy with private persons and  dishonestly & fraudulently  sanctioned  5 CC limit loans to five private firms and  2 Over Draft  limit loans to two private firms in utter violation of the instruction of the Regional Office and norms & procedures laid down by the bank. A loss of Rs.31.90 lakhs(approx) was caused to the bank.

                       

            Seven  chargesheets were filed by CBI on 30.06.2007 in the Court of Special Judge for CBI Cases, Bhopal against Shri Sheikh Abdul Gani, the then  Branch Manager of Central Bank of India Lahar & others.

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