Chennai, Aug 20 (UNI) The CBI Special Court, Chennai, today convicted a former Bank Manager and sentenced him to five years rigorous imprisonment in a criminal case.
Pronouncing the judgement, Additional Special Judge for CBI Cases Velu sentenced Andhra Bank's former Branch Manager of Triplicane in Chennai to five years RI and imposed a fine of Rs 1.03 lakh.
The CBI, on a complaint, had registered a case and filed a chargesheet in the special court against the Bank Manager and one K Ramesh.
Ramesh was sentenced to three years RI and imposed a fine of 20 lakh.
The case was that Ramesh, having a current account with secured overdraft facility in the Andhra Bank's Triplicane Branch in Chennai in 1996, hatched a conspiracy with H Krishnamurthy, the then Branch Manager, to cheat the bank.
Ramesh then submitted his own cheques with other banks without sufficient amount in the accounts. These cheques were discounted by Krishnamurthy knowing that they pertained to the same person and there was no sufficient balance in the account, causing wrongful loss of Rs 75.45 lakh to the bank.
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