JUDGMENT: 5 years RI to then branch manager of CBI and others

Jalandhar, December 20, 2012: The Special Judge for CBI Cases, Bhopal has convicted two then Managers of Central Bank of India; two then Sub Engineers of PWD Office, Lahar, District Bhind and three private persons for causing a loss of about Rs.31.90 lakh to Government Exchequer.

The court sentenced S.A.Gani, then Branch Managerand S. B. Azad, then Assistant Manager, both of Central Bank of India, Lahar, Bhind (MP) to undergo five years Rigorous Imprisonment with total fine of Rs.45,000 each; Ashok Kumar Srivastava and S. S. Parihar, both then Sub Engineers of PWD Office, Lahar, Distt. Bhind (MP) to undergo three years Rigorous Imprisonment with a total fine of Rs.35,000 and Rs.65,000; Gafoor Khan, a private person and R. K. Soni, Proprietor of M/s Deokar Jewellers, Lahar, Distt. Bhind (MP) to undergo five years Rigorous Imprisonment with total fine of Rs.35,000 each and another private person Pankunwar Devi, resident of Tehsil Lahar, District Bhind to undergo three years Rigorous Imprisonment with total fine of Rs.15,000each.

A case was registered on 27.03.2006 against Sheikh Abdul Gani, the then  Branch Manager of Central Bank of India Lahar and others U/s 120-B r/w 420, 419, 467, 471 r/w 468 of IPC and Sections 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 sanctioned  5 CC limit loans to M/s Gafoore Kirana Store; M/s Dharam Electronics &  Food Products; M/s Deokar Jewelers; M/s Radha Rani Motors and M/s Durga Kirana Stores and 2 Over-Draft  limit loans to M/s Girirajji  Motor Parts and M/s Ganesh Furniture House in utter violation of the instruction of the Regional Office (RO) and norms and procedures laid down by the bank. A loss of about Rs. 31.90  lakhs was caused to bank.

After thorough investigation, seven  charge sheets were filed 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 and others.

The Trial Court found seven accused guilty & convicted them and acquitted a private person of Lahar, District Bhind (MP).