BHOPAL: The special court of CBI has convicted three accused in a fraud case, including then Union Bank of India (UBI) manager and two owners of the firm. The fraud was committed in 2005 in Bhopal.
The court has found that then UBI manager AP Singh, Shastri Nagar, Bhopal had cheated the bank by making available credit facilities without compliance of sanction conditions.
In 2005-2006 Shree Janki Overseas Pvt Ltd had availed of credit facilities of Rs 11.65 crore from the bank on false papers and also did not return the amount.
A complaint was made to CBI and the investigation agency registered a case no. RC-10(E)/2008 U/s 120-B r/w 420 of IPC and Section 13 (2) r/w 13(1)(d) of PC Act, 1988 on December 29, 2008 against Singh.
The case was transferred to CBI, ACB, Bhopal for conducting its trial. After trail the court found guilty the three accused including Singh and company owners Prakash Gurbani and Purshotam Grubani for committing fraud.
The Ld. Special Judge for CBI Cases, Bhopal vide judgement dated April 28, convicted all the accused persons and awarded sentences against them.
The court has ordered three-year imprisonment and cash penalty of Rs 1,10,000 against the bank manager, three year imprisonment and cash penalty of Rs 1 lakh against Prakash and Purshotam Gurbani each.
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