Central Bank officer, four others convicted for fraud

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Chennai, Dec 20 (IANS) A CBI court here on Tuesday convicted a Branch Manager of the Central Bank of India and four others, who will undergo rigorous imprisonment, the Central Bureau of Investigation (CBI) said.

In a statement, the CBI said R. Krishnadoss, Branch Manager of the Central Bank of India, was sentenced to five years of rigorous imprisonment and a fine of Rs 50 lakh for sanctioning loans based on fake property documents to Mars Communications.

According to the premier investigation agency, Krishnadoss caused a wrongful loss of Rs 2,96,79,542 to the bank.

The court also convicted four private persons — V. Sundarrajan, Harnivasani, V. Karthika and M. Vinod — to three years of rigorous imprisonment and imposed a total fine of Rs 3.08 crore.

–IANS

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