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10-yr RI for Bank manager in cheating case

By Staff
Google Oneindia News

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.


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