RI for three in bank fraud case

Madurai | Saturday | 13th October, 2018

Summary:

more-inMADURAIThe CBI court here sentenced a former manager of Indian Bank, Ariyalur branch, and two others to seven years rigorous imprisonment for fraudulently debiting money from the account of the State government. The accused had fraudulently debited money from the account of the Government of Tamil Nadu during 2010-12. It is said that the accused transferred the proceeds to various accounts and misappropriated to the tune of ?180 lakh. Additional Special Judge for CBI cases S.

Ganesan sentenced R.

Venkataramanan, former branch Manager, K.

Murali and A.

Periyanayagasamy to seven years rigorous imprisonment and fined them to the tune of ?7.5 lakh. They were booked under Sections 420 (Cheating), 477 A (Falsification of accounts), 120 (Concealing design to commit offence) of the Indian penal code and Section 13 (Criminal misconduct by a public servant) of the Prevention of Corruption Act, 1988..