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New Delhi, June 15 : The Special Judge for CBI Cases, Bhopal has convicted S.A.Gani, the then Branch Manager & Suman Babu, the then Assistant Manager, both of Central Bank of India, Lahar(MP) and Pratibha Sharma (Private person) in two cases. In one of two cases, S.A.Gani & Suman Babu, both of Central Bank of India were sentenced to undergo three years Rigorous Imprisonment with fine of Rs.3,00,000/- While Pratibha Sharma was sentenced to undergo three years Rigorous Imprisonment with fine of Rs.2,00,000/-. In another case, both the Bank officials were sentenced to undergo three years Rigorous Imprisonment with fine of Rs.3,00,000/-
CBI had registered a case on 27.03.2006 against Sheikh Abdul Gani, the then Branch Manager of Central Bank of India Lahar & others u/s 120-B r/w 420, 419, 467, 471 r/w 468 of IPC and Sec. 13(2) r/w 13(1)(d) of PC Act, 1988 on the allegations that he had entered into criminal conspiracy with private persons and dishonestly & fraudulently sanctioned 5 CC limit loans to five private firms and 2 Over Draft limit loans to two private firms in utter violation of the instruction of the Regional Office and norms & procedures laid down by the bank. A loss of Rs.31.90 lakhs(approx) was caused to the bank.
Seven chargesheets were filed by CBI on 30.06.2007 in the Court of Special Judge for CBI Cases, Bhopal against Sheikh Abdul Gani, the then Branch Manager of Central Bank of India Lahar & others.
Read more / Original news source: http://manipur-mail.com/two-officials-of-central-bank-sentenced/
