Bank official convicted for bank fraud

New Delhi, May 9 (UNI) A CBI court in Ranchi today convicted two persons, including a former Bank of India clerk, for cheating the Bank of Rs ten lakh through forged documents.

Former bank clerk K D Singh was given six years rigorous imprisonment (RI) and was fined. His associate Sanjay Kumar Singh was given three years of RI along with a fine of Rs 5,000.

The CBI had registered this case in November 2004 and a chargesheet was filed in December the following year for fraudulently sanctioning a loan of Rs ten lakh in favour of a non-existing firm on the basis of fabricated documents. Two other accused, Anjani Kumar Singh and Binay Kumar Singh, were made approvers in the case.

UNI