Former MP, son sentenced to 7 RI for bank fraud

Chennai | Thursday | 5th March, 2020

Summary:

Harish Murali ByExpress News ServiceCHENNAI: A former, MP KN Ramachandran, and his son Rajasekar were on Wednesday sentenced to seven years rigorous imprisonment for taking a loan of Rs 17.28 crore from a nationalised bank by paying bribe to a senior regional manager. Judge D Lingeshwaran, in his order, observed that corruption by elected representatives must be controlled with an iron hand. The regional manager of Central Bank of India R Thiagarajan was sentenced to five-year jail term and a fine of Rs 13.10 lakh. The case pertains to a loan obtained in 2013 by the former MP, who was also trustee of Kannamal Educational Trust, along with his son. The probe found irregularities on the part of the regional manager and the case was referred to CBI..