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The CBI had registered an instant lawsuit connected March 16, 2004 against Mehta and others.
A Special Judge astatine the CBI tribunal successful Ahmedabad Friday sentenced Kirtikumar Dhirajlal Mehta, erstwhile peculiar adjunct astatine State Bank of Saurashtra, Darbargadh Branch successful Bhavnagar, to 7-year rigorous imprisonment successful a slope fraud case. A good of Rs 15 lakh was besides imposed connected him.
The accused was held blameworthy for transgression breach of trust, cheating, forgery of invaluable security, forgery for the intent of cheating, utilizing forged papers arsenic genuine and transgression misconduct for cheating the State Bank of Saurashtra and causing wrongful nonaccomplishment to the tune of Rs 95,94,004 to the authorities exchequer, a CBI connection said Friday.
The CBI had registered an instant lawsuit connected March 16, 2004 against Mehta and others. It was alleged that Mehta, portion moving successful the idiosyncratic banking part of the bank, illegally siphoned disconnected funds done unit further lodging indebtedness accounts/applications, allegedly received from bogus/non-existent slope employees.
It was besides alleged that specified unit further lodging loans and different loans were disbursed to slope unit done Personal Banking Division of the bank’s Darbargadh Branch successful Bhavnagar. From the past 4th of 1995 onwards, unit further lodging loans ranging from Rs 2.80 lakh to Rs 4.40 lakh had allegedly been disbursed successful the sanction of respective employees.
After investigation, the CBI filed a chargesheet connected December 26, 2005 that stated that Mehta, during 1992 to 2004, successful the capableness arsenic a nationalist servant, had committed the offence of transgression misconduct and successful the pursuance of the aforesaid had cheated the slope by preparing fraudulent documents nether the strategy for further lodging loans to the slope staff, nether fictitious/non existing names and thereby caused wrongful nonaccomplishment to the slope to the tune of Rs 95,94,004 and corresponding summation to himself.
During trial, much than 47 prosecution witnesses were examined and implicit 152 documents/ exhibits were relied upon, successful enactment of the charges against the accused.
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