FIVE YEARS RIGOROUS IMPRISONMENT WITH FINE OF RS.2.5 LAKH EACH TO THEN CHIEF MANAGER OF STATE BANK OF INDIA AND TWO OTHERS IN A FRAUD CASE

Press Release
New Delhi, 17.02.2017

         

        The Special Judge for CBI Cases, Bangalore(Karnataka) has sentenced Shri B.V.V.S.N. Murthy, former Chief Manager, State Bank of India, Kumara Park Branch, Bangalore and Shri D. Murugeshan & Smt. M. Lalitha(both private persons) to undergo five years Rigorous Imprisonment with fine of Rs.2.5 lakh each.

         CBI registered the case on the allegations that the Chief Manager, State Bank of India, Kumar Park Branch, Bangalore during the period July, 1999 to February, 2000 entered into a criminal conspiracy with other accused and cheated State Bank of India. The accused sanctioned & released personal loans to the tune of Rs.106.53 lakh(approx) to around 208 fictitious & non-genuine borrowers on the basis of fabricated & forged Salary certificates, Employment Certificates, NOC’s etc. After investigation, a chargesheet was filed against the accused in the Designated Court on 07.04.2004.

        The Trial Court found the accused guilty and convicted them.


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