THREE YEARS IMPRISONMENT TO TWO PRIVATE PERSONS AND ONE YEAR TO THEN OFFICER OF ORIENTAL BANK OF COMMERCE FOR CHEATING THE BANK TO THE TUNE OF Rs. 7.98 CRORES(APPROX)

Press Release

New Delhi , 10.12.2012

                The Special Judge for CBI cases, Saket, New Delhi has convicted Sh. Ram Kumar, the then Officer, Oriental Bank of Commerce, Mataur Branch, Meerut (U.P) and two private persons - Smt. Uma Bhatla, resident of Vikaspuri, New Delhi & Manjeet Kumar, Proprietor of M/s Shivani Jewellers, Karol Bagh, New Delhi, for cheating the bank during 1999-2000 to the extent of Rs.7.98 crores(Approx) in the fraudulent manipulation of Demand Drafts. The convicted accused Ram Kumar was sentenced to undergo one year imprisonment with fine of Rs.20,000/- while other two accused persons were sentenced to undergo three years imprisonment with fine of Rs. 25,000/- each.

 

            The investigation revealed that Sh. Ram Kumar, the then officer of Oriental Bank of Commerce used to provide stolen book of blank DD’s to Smt. Uma Bhatla who used to fabricate/forge these DDs with high value amount and Sh. Manjeet Kumar used to get the amount of these DDs credited in his firm’s bank account.    

     

            Two more accused i.e. an Officer of Oriental Bank of Commerce and another person were also charged and prosecuted. Presently they are absconding. The Court declared them Proclaimed Offenders.

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