FIVE YEARS RIGOROUS IMPRISONMENT TO THEN BRANCH MANAGER OF STATE BANK OF INDIA AND THREE OTHERS FOR CAUSING LOSS OF RS.15.89 LAKHS(APPROX) TO THE BANK

 

Press Release

New Delhi , 31.07.2012

           The Special Judge for CBI Cases, Gawahati has  convicted Sh  Mukut Chetia; the then Branch Manager, State Bank of India, Manja Tiniali Branch(Assam) and three others i.e Sh Binod Barman, Sh Hemendra Barman and Rajesh Teron and sentenced them to undergo five years Rigorous Imprisonment with a total fine of Rs.One lakh  for causing loss of Rs.15.89 lakhs(approx) to the Bank.

           

            The investigation revealed that Sh Mukut Chetia while posted and functioning as Branch Manager, State Bank of India, Manja Tiniali Branch, during the period 1986  to 1989 entered into criminal conspiracy with other three accused persons. In pursuance thereof, he fraudulently & dishonestly sanctioned and disbursed 163 Nos. of loans in Govt. sponsored scheme direct loans  amounting to Rs.15.89 lakhs to non-existent & fictitious persons. A loss of Rs.15.89 lakhs(approx) was caused to the Bank.

 

            After thorough investigation, Guwahati Branch of CBI filed a charge sheet on 30.11.2000 in the court of Special Judge for CBI Cases, Guwahati. 

 

            The Trial Court found the accused persons guilty and convicted them.

 

********