ONE YEAR RIGOROUS IMPRISONMENT WITH FINE OF RS.TEN THOUSAND TO THEN ADVISOR OF ASCARD BANK; TWO THEN DEPUTY MANAGERS AND TWO PARTNERS OF A PRIVATE FIRM IN A CBI CASE.

Press Release
New Delhi , 27.08.2013

            The Special Judge, CBI Cases, Guwahati (Assam) has convicted Shri Imran Shah, then Advisor of Assam State Cooperative Agricultural & Rural Development Bank (ASCARD Bank); Shri Khireswar Saikia & Pahar Khan, both then Dy. Managers of ASCARD Bank and Shri Monoj Kumar Prithani & Shri Sanjeev Kumar Prithani, both Partners of M/s Brahmaputra Consortium, for the offences U/s 120B, 420 IPC and sentenced them to undergo one year Rigorous Imprisonment with fine of Rs. 10,000/- in two cases for causing loss of Rs.96,924/-(approx) to ASCARD Bank.

 

            Both the cases were registered on 08.02.2001 by CBI on transfer of investigation of Paltan Bazar Police Station Case FIR No. 199/98 and 202/98 in pursuance to the notification by the Government of Assam and Government of India. On completion of investigation, CBI filed a Charge Sheet on 07.01.2004 U/s 120B, 409 IPC and Section 13(2) R/w Sec. 13(1)(C) of Prevention of Corruption Act in the court of Special Judge, CBI, Guwahati (Assam). It was alleged that the accused persons had caused loss of Rs. 96,924/- (approx) to the ASCARD Bank by making excess payment to M/s Bhramputra Consortium in the award of contract for boring the deep tube well in Bank's new building during 1995-1996.

 

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

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