10-yr RI for Bank manager in cheating case
New Delhi, Dec 31 (UNI) A special court sentenced the ex-chief manager of Corporation Bank branch to ten-year rigorous imprisonment for cheating and forgery, resulting in the loss of Rs 10.25 crore to the bank.
The special judge passed the sentence on Saturday and also slapped a fine of Rs 2.5 lakh on Vardharaj Pai for criminal offences of conspiracy, cheating, criminal breach of trust and forgery, a CBI release today said.
Pai, of the Cantonment Branch of the Bank in Bangalore sanctioned a loan to the group companies of one, K Vijay, from 1998 to 2000 by forging documents, and through other fraudulent means.
Vijay passed away during the trial.