CHENNAI:
A former chief manager and assistant general manager of Indian Bank in Thousand Lights branch in Chennai and a former Joint managing director of Gemini Pictures Cicuit Private Ltd in Virugambakkam have been sentenced to undergo two years rigorous imprisonment with fine of Rs 70000, Rs 50,000 and Rs 90,000 respectively in the Rs 8.35 crore India bank fraud case.
The Special Court Judge, Chennai also imposed a fine of Rs 9 lakh on Gemini Pictures Circuit Pvt. Ltd., Virugambakkam and Rs 2 Lakh on Asian Photo Films Pvt. Ltd., Mylapore.
The court imposed the fine and jail sentence on B Muthaiah, then Chief Manager, Indian Bank, and M. Azeez, then AGM, Indian Bank, along with A Manohar Prasad, then Joint managing director of Gemini Pictures Cicuit Private Ltd in Virugambakkam after CBI had registered a case on June 27, 1998 against the accused on a complaint from Indian Bank.
It was alleged that M Gopalakrishnan, Chairman and managing director, Indian Bank, A V Shanmugasundaram, deputy general manager (Zonal Manager), Indian Bank, Zonal Office, Chennai; Muthaiah and Azeez hatched a conspiracy with other accused by submitting false and forged documents, availed loan and failed to repay the loan amount. A loss to the tune of Rs 8.35 crore was caused to Indian Bank.
After investigation, a charge sheet was filed on December 21, 2001 against the accused before the Special Judge, Chennai. M Gopalakrishnan, Shanmugasundaram and Ravi Shankar Prasad, then managing director of a private company expired and the charges were abated.
A former chief manager and assistant general manager of Indian Bank in Thousand Lights branch in Chennai and a former Joint managing director of Gemini Pictures Cicuit Private Ltd in Virugambakkam have been sentenced to undergo two years rigorous imprisonment with fine of Rs 70000, Rs 50,000 and Rs 90,000 respectively in the Rs 8.35 crore India bank fraud case.
The Special Court Judge, Chennai also imposed a fine of Rs 9 lakh on Gemini Pictures Circuit Pvt. Ltd., Virugambakkam and Rs 2 Lakh on Asian Photo Films Pvt. Ltd., Mylapore.
The court imposed the fine and jail sentence on B Muthaiah, then Chief Manager, Indian Bank, and M. Azeez, then AGM, Indian Bank, along with A Manohar Prasad, then Joint managing director of Gemini Pictures Cicuit Private Ltd in Virugambakkam after CBI had registered a case on June 27, 1998 against the accused on a complaint from Indian Bank.
It was alleged that M Gopalakrishnan, Chairman and managing director, Indian Bank, A V Shanmugasundaram, deputy general manager (Zonal Manager), Indian Bank, Zonal Office, Chennai; Muthaiah and Azeez hatched a conspiracy with other accused by submitting false and forged documents, availed loan and failed to repay the loan amount. A loss to the tune of Rs 8.35 crore was caused to Indian Bank.
After investigation, a charge sheet was filed on December 21, 2001 against the accused before the Special Judge, Chennai. M Gopalakrishnan, Shanmugasundaram and Ravi Shankar Prasad, then managing director of a private company expired and the charges were abated.
No comments:
Post a Comment