TWO YEARS SIMPLE IMPRISONMENT WITH FINE OF RS THIRTEEN THOUSAND TO A BANK MANAGER IN A CBI CASE

Press Release
New Delhi , 03.09.2012

            The Special Judge for CBI Cases, Bangalore, Sh. B.M. Angadi, has convicted Shri S.Murali, the then Branch Manager, Syndicate Bank, Indira Nagar Branch, Bangalore to undergo two years simple imprisonment with fine Rs.13,000/- in a CBI case.

 

            CBI had filed a charge sheet against Shri S.Murali and 3-others U/s 120-B r/w 420, 468 471 IPC and Sec. 13(2) r/w 13(1) (d) of the Prevention of Corruption Act,1988. The allegations as per the charge sheet were that Shri S.Murali while working in Syndicate Bank, Indira Nagar Branch, Bangalore had entered into criminal conspiracy with other accused persons during 1993 in the matter of clearing cheques issued / drawn by other accused without sufficient funds in the account and enabled the accused persons to get their property out of mortgage from nationalized banks. The accused persons caused a wrongful loss of Rs.40 lakh(approx) to Syndicate Bank and corresponding wrongful gain to themselves.

 

            The Trial Court found Sh. S.Murali guilty and convicted him. The court acquitted one private person while other two private persons died during trial.

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