Accused sentenced to four years in fraud case of 2.74 crores
New Delhi, July 22 (IANS)| A CBI court on Thursday sentenced the then manager of a branch of Bank of Baroda and another person to four years’ imprisonment in a Rs 2.74 crore bank fraud case. A CBI spokesperson said that the Special Judge for CBI Affairs in Delhi, V.B. Katoria, the then branch manager, Bank of Baroda and Santosh Kumar Jassaria, the then director of Delhi-based Saras Cabs Pvt Ltd, were sentenced to four years’ rigorous imprisonment along with a fine of Rs 1.10 lakh.He said that a fine of Rs 5 lakh has also been imposed on Saras Cabs Pvt Ltd. The CBI had registered the case on 29 April 2002 on the complaint of Bank of Baroda. The FIR alleges that the accused cheated Bank of Baroda in terms of bank guarantee and credit facility of Rs 220 lakh by the accused for the purpose of purchasing and operating 50 radio taxis in New Delhi.
It said that the accused also defrauded the bank in terms of credit facility and bank guarantee of Rs 150 lakh to the Social Welfare Department, Government of Delhi, Super Bazar, Delhi and Government of Nagaland for facilitating the supply of various food items. “After investigation, a charge sheet was filed against the accused for causing alleged loss of Rs 2.74 crore to Bank of Baroda,” he said.
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