THREE YEARS RIGOROUS IMPRISONMENT TO THEN BRANCH MANAGER OF CENTRAL BANK OF INDIA AND OTHERS IN A BANK FRAUD CASE

Press Release
New Delhi , 01.03.2013

            The Special Judge for CBI Cases, Bhopal (Madhya Pradesh) has convicted Shri R.S. Ayer, then Branch Manager of Central Bank of India, Shahpura Branch, Distt. Bhopal(MP) and three private persons i.e. Shri Dharmendra Parmar, Shri Sukhdev Prasad Makhija & Shri R.K.Dwivedi in a bank fraud case. Shri R.S.Ayer, then Branch Manager was sentenced to undergo three years Rigorous Imprisonment with fine of Rs.1.30 lakh while other three private persons to undergo three years Rigorous Imprisonment with fine of Rs.50,000/- each.

 

            CBI Bhopal Branch had registered a Case against Shri R. S. Ayer, the then Branch Manager of Central Bank of India Shahpura Branch, Dist- Bhopal & others U/s 120-B r/w 420, 468, 471 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 dishonestly & fraudulently sanctioned Housing loan to the tune of Rs. 51,77,000/-.

 

            After investigation, four charge sheets were filed on 13.07.2004 in the Court of Special Judge for CBI Cases, Bhopal against Shri R. S. Ayer, the then Branch Manager of Central Bank of India Shahpura Branch, Dist- Bhopal & others.

 

            The Trial Court found the then Branch Manager & three private persons guilty and convicted them. One another private person died during trial.

 

            The Special Judge for CBI Cases, Bhopal has earlier on 06.02.2013 also sentenced Shri R.S.Ayer, then Branch Manager to undergo seven years Rigorous Imprisonment with fine of Rs.60,000/-, Shri M.B.Nayak, then Assistant Manager to undergo three years Rigorous Imprisonment with a fine of Rs.40,000/-; Shri Dharmendra Parmar(Private person ) to undergo seven years Rigorous Imprisonment with fine of Rs. 70,000/- and four other private persons i.e. Shakeel Ahmed, Shri Kishan Sukhwani, Shri Rajeev Singh & Shri Kamlesh Jain, all to undergo seven years Rigorous Imprisonment with fine of Rs. 90,000/- each in this case. One private person was acquitted by the Court.

********