New Delhi. The Lucknow branch of the Central Bureau of Investigation (CBI) court pronounced a strict verdict in an important case of bank fraud and found all the people guilty. Along with sentencing all the accused to three years imprisonment, the court has also imposed a total fine of Rs 3.4 lakh. The court has convicted Naresh Chandra Bhardwaj, Sadhna Dixit, Ram Ji Shukla, Jitendra Srivastava and Prem Prakash, the then senior manager of Bank of India, Lal Bangla branch, Kanpur. This case was in the judicial process for a long time and finally the court gave its decision on the basis of evidence and witnesses.
The case began with an FIR registered by the Central Bureau of Investigation (CBI) on January 11, 2008, based on a written complaint by the then Zonal Manager of Bank of India, Kanpur Zone.
The complaint alleged that senior manager Naresh Chandra Bhardwaj along with Vikram Dixit and other unknown persons hatched a well-planned criminal conspiracy between July 17, 2006 and October 26, 2006.
Under this conspiracy, the accused sanctioned housing loans, OD mortgage loans and auto finance loans in the names of persons who either did not exist or were using fake identities.
Due to this fraud, Bank of India suffered a total financial loss of Rs 41.50 lakh, while the accused received undue benefit equal to this amount.
After detailed investigation of the case, CBI filed a charge sheet against all the accused on 26 April 2010. After a long hearing and examination of evidence, the court found all the accused guilty and sentenced them.
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