THREE YEARS IMPRISONMENT TO THEN ASSISTANT MANAGER, STATE BANK OF INDIA AND THREE PRIVATE PERSONS IN A CHEATING CASE

Press Release
New Delhi , 22.05.2013

     The Special Judge, CBI cases, Ernakolam (Kerala) has convicted Shri K. Ramarajan, then Assistant Manager, State Bank of India, Vaniyamkulam Branch, Palghat and three other private accused viz. Shri K. Divakaran Nair; Shri K. Ramdas & Shri Gopalankutty, all resident of Palghat, in a CBI Case U/s 120B r/w 420, 468, 471 IPC & Sec. 13(2) r/w 13(1)(d) of PC Act, 1988 and sentenced them to undergo three years Simple Imprisonment.

 

     The investigation revealed that Shri K. Ramarajan while working as Assistant Manager(Advances), State Bank of Travancore, Vaniyamkulam Branch, Palghat(Kerala) entered into a criminal conspiracy with 5 private accused persons viz. Shri K. Divakaran Nair; Shri K. Ramdas; Shri Gopalankutty and two other persons. In pursuance of the said criminal conspiracy, the public servant had fraudulently & with dishonest intention, recommended agricultural loans to various persons on the basis of forged documents like Tax Receipts, Possession Certificate etc. submitted by private persons. The Assistant Manager knowing fully well that the said documents were forged and that the loanees were not entitled to get any loan, had cheated the State Bank of India to the tune of Rs.12,36,000/-(approx) and derived pecuniary advantage for himself & other accused persons.

 

     The Court found four accused persons guilty. Two accused were died and charges against them were abated by the Court.

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