Chennai:
Noted Tamil film producer Abavanan has been sentenced to five years of rigorous imprisonment and has been asked to pay a fine of Rs 2.4 crore in a cheque fraud case.
The order was passed by K Venkatasamy, XI additional special judge for CBI cases in Chennai.
The film producer has produced hit films like Oomai Vizhigal, Inanindha Kaigal and Senthooram Poove.
The judge also sentenced two bank officials of Punjab Bank to three years of rigorous imprisonment. They include manager of Cathedral Road branch of Punjab National Bank K Rajagopalan and assistant manager T S Ramanujam. The court imposed a fine of Rs 10 alkh and Rs 15 lakh respectively.
The three were sentenced after CBI, Chennai, registered and investigated a case against K Rajagopalan, Ramanujam, deputy zonal manager of Punjab National H B Subramaniam, Ambavanan and his wife Thenmozhi.
The investigation by CBI was launched after it was alleged that in the year 1999, Rajagopalan, Ramanujam and H B Subramaniam purchased cheques fronm Amabavanan and his 16 associates indisriminately against the bank procedures even though the previously discounted cheques of these parties were pending for realisation.
Of the 69 cheques purchased, 44 cheques amounting to Rs2.34 crore were not sent for collection.as such the amount went outstanding without realisation. The amount was credited into the parties account before realisation and the credited amount was withdrawn by Ambaanan and Thenmozhi Ambavanan, CBI said.
H B Subramaniam and Thenmozhi were acquitted in the case.
Noted Tamil film producer Abavanan has been sentenced to five years of rigorous imprisonment and has been asked to pay a fine of Rs 2.4 crore in a cheque fraud case.
The order was passed by K Venkatasamy, XI additional special judge for CBI cases in Chennai.
The film producer has produced hit films like Oomai Vizhigal, Inanindha Kaigal and Senthooram Poove.
The judge also sentenced two bank officials of Punjab Bank to three years of rigorous imprisonment. They include manager of Cathedral Road branch of Punjab National Bank K Rajagopalan and assistant manager T S Ramanujam. The court imposed a fine of Rs 10 alkh and Rs 15 lakh respectively.
The three were sentenced after CBI, Chennai, registered and investigated a case against K Rajagopalan, Ramanujam, deputy zonal manager of Punjab National H B Subramaniam, Ambavanan and his wife Thenmozhi.
The investigation by CBI was launched after it was alleged that in the year 1999, Rajagopalan, Ramanujam and H B Subramaniam purchased cheques fronm Amabavanan and his 16 associates indisriminately against the bank procedures even though the previously discounted cheques of these parties were pending for realisation.
Of the 69 cheques purchased, 44 cheques amounting to Rs2.34 crore were not sent for collection.as such the amount went outstanding without realisation. The amount was credited into the parties account before realisation and the credited amount was withdrawn by Ambaanan and Thenmozhi Ambavanan, CBI said.
H B Subramaniam and Thenmozhi were acquitted in the case.
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