JUDGMENT: 2 years imprisonment to two bank managers and 3 others in separate cases of corruption
Author(s): SK VyasJalandhar, December 17, 2012: The Special Judge for CBI cases, Bangalore has convicted a Chief Manager of Andhra Bank; a Senior Manager of Syndicate Bank and three private persons and sentenced them to undergo two years...
cityairnews
Dec 17, 2012 12:30
0
Jalandhar, December 17, 2012: The Special Judge for CBI cases, Bangalore has convicted a Chief Manager of Andhra Bank; a Senior Manager of Syndicate Bank and three private persons and sentenced them to undergo two years imprisonment inseparate cases of corruption.
G. Subramanyam, the then Chief Manager, Andhra Bank, NR Road Branch, Bangalore and K. S. Vijayakumar a private person were sentenced to undergo two years simple imprisonment with total fine Rs.3,00,000 for causing a loss of about Rs. 25 lakhs to Andhra Bank.
After completion of investigation, CBI filed a charge sheet against G. Subramanyam and K. S. Vijayakumar (private person) U/s 120-B r/w 420, 468, 471 IPC and Sec.13(2) r/w 13(1) (c) & (d) of the Prevention of Corruption Act-1988. The allegations as per the charge sheet were that G. Subramanyam while working in Andhra Bank, NR Road Branch, Bangalore had entered into criminal conspiracy with other accused person during 1995-96 in sanction & disbursal of various credit facilities to private person on the strength of fake export bills and thereby caused a wrongful loss of about Rs.25 lakhs to Andhra Bank.
In an another case, the Special Judge for CBI Cases, Bangalore has convicted S. Murali, the then Senior Manager, Syndicate Bank, Zonal Office, Bangalore and B. Ksinath and C. Punyavathi, both private persons to undergo two years imprisonment with total fine Rs.3,90,000 for causing a loss of about Rs. 14.90 lakh to Syndicate Bank.
The CBI had filed a charge sheet against S. Murali and two others U/s 120-B r/w 420 IPC & Sec.13(2) r/w 13(1) (c) & (d) of the Prevention of Corruption Act-1988. The allegations as per the charge sheet were that S. Murali while working in Syndicate Bank, Indiranagar Branch, Bangalore had entered into criminal conspiracy with other accused person during 1991-93 in the issue of pay order to the other accused persons without sufficient balance in their account. The accused had also allowed clearing of cheques issued by the other accused persons in spite of not having sufficient balance in their account and thereby caused a loss of about Rs.14.90 lakhs to Syndicate Bank.
The Trial Court found the accused persons guilty and convicted them.
