FIVE YEARS RIGOROUS IMPRISONMENT TO THEN BRANCH MANAGER, CENTRAL BANK OF INDIA AND OTHERS FOR CAUSING LOSS OF RS.31.90 LAKHS TO GOVT EXCHEQUER

Press Release
New Delhi , 20.12.2012

            The Special Judge for CBI Cases, Bhopal has convicted two then Managers of Central Bank of India; two then Sub Engineers of PWD Office, Lahar, Distt. Bhind and three private persons for causing a loss of Rs.31.90 Lakh(approx.) to Govt Exchequer. The court sentenced Shri S.A.Gani, then Branch Manager & Shri S.B.Azad, then Assistant Manager, both of Central Bank of India, Lahar, Bhind (MP) to undergo five years Rigorous Imprisonment with total fine of Rs.45,000/-each; Shri Ashok Kumar Srivastava & Shri S.S.Parihar, both then Sub Engineers of PWD Office, Lahar, Distt. Bhind (MP) to undergo three years Rigorous Imprisonment with a total fine of Rs.35,000/- & Rs.65,000/-; Shri Gafoor Khan, a private person and Shri R.K.Soni, Proprietor of M/s Deokar Jewellers, Lahar, Distt. Bhind(MP) to undergo five years Rigorous Imprisonment with total fine of Rs.35,000/-each and another private person Smt. Pankunwar Devi, resident of Tehsil Lahar, Distt. Bhind to undergo three years Rigorous Imprisonment with total fine of Rs.15,000/-each.

 

            A case was registered 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 & 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 sanctioned 5 CC limit loans to M/s Gafoore Kirana Store; M/s Dharam Electronics & Food Products; M/s Deokar Jewelers; M/s Radha Rani Motors & M/s Durga Kirana Stores and 2 Over-Draft limit loans to M/s Girirajji Motor Parts & M/s Ganesh Furniture House in utter violation of the instruction of the Regional Office(RO) and norms & procedures laid down by the bank. A loss of Rs. 31.90 lakhs(approx.) was caused to bank.

 

            After thorough investigation, seven charge sheets were filed 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 & others.

 

            The Trial Court found seven accused guilty & convicted them and acquitted a private person of Lahar, Distt. Bhind(MP).

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