FIVE YEARS IMPRISONMENT TO THEN BRANCH MANAGER OF SYNDICATE BANK IN A CORRUPTION CASE

 

Press Release

New Delhi , 26.10.2012

.           The Special Judge for CBI Cases, Bangalore has convicted Shri Rohidas Nayak, the then Branch Manager, Syndicate Bank, MRMC Branch, Gulbarga and Shri K. Anand Rao (Private Person) for causing a loss of Rs.46.35 lakh (approx) to Syndicate Bank.  The Court has sentenced Shri Rohidas Nayak, the then Branch Manager to undergo five years Simple Imprisonment with total fine of Rs.70,000/- and Shri K.Anand Rao, private person to undergo two years Simple Imprisonment with total fine of Rs.35,000/-.

 

            A charge sheet against Shri Rohidas Nayak, the then Branch Manager and Shri K.Anand Rao, private person U/s 120-B r/w  420, 409, 419, 465, 467, 468, 477-A IPC and  Sec.13(2) r/w 13(1) (d) of the Prevention of Corruption Act-1988 was filed. The allegations as per the charge sheet were that Shri Rohidas Nayak while working in Syndicate Bank, MRMC Branch, Gulbarga had entered into criminal conspiracy with other accused person during 1999-2001. The accused had forged the NRE VCC receipt of other depositors without their knowledge & obtained loan application against the above deposit and had sanctioned loan to the other accused person who had impersonated the name of original depositors. Further Shri Rohidas Nayak got issued various cheques / DDs in the name of various firms in order to repay the hand loans taken by him. Thereby, the accused persons caused a wrongful loss of Rs. 46.35-lakh (approx.) to Syndicate Bank and corresponding wrongful gain to themselves.    

 

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

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