Crime and Accident

Former Bank manager, four others gets RI in a fraud case

Former Bank manager, four others gets RI in a fraud case

Chennai: The CBI Special Court here today sentenced a public sector bank official and four others to five years’ rigorous imprisonment for allegedly committing a fraud to the tune of Rs 9.70 crore in 2000.

Anti-Corruption branch of CBI, Chennai investigated the case filed against K Sanjeeva Shetty, then Branch Manager, Oriental Bank of Commerce, Yelahanka Branch, Bangalore, Karnataka State Reserve Police Assistant Commandant Shabir Ahmed and four other individuals — S A Ravi, Abid Khan, T Hemanth Alva, Kishore, S Anthoni Doss and Abdul Jabbar.

They had allegedly entered into a criminal conspiracy to defraud Oriental Bank of Commerce, Overseas branch, Chennai to the tune of Rs 9.70 crore with “fictitious transfer payment order”, a CBI press release said.

“With forged signatures of the officials of the Oriental Bank of Commerce, Yelahanka New Town branch, Bengaluru, the transfer payment order was sent to the bank’s Overseas Branch in Chennai against fictitious import shipping bills of Stan Plus Holdings, Malaysia through BSN Commercial Bank, Malaysia”, the release said.

However, investigation revealed that the bills were sent for shipment of Kamino machines with accessories valued at USD 22,21,900 in favour of The West Pavilion, Hunasanarahalli, Devanhalli road, Bengaluru.

Upon completion of the trial today, the CBI Special Court convicted K Sanjeeva Shetty, Shabir Ahmed, S A Ravi, Abid Khan and T Hemanth Alva.

While the Court sentenced Ravi to 10 years, the others were awarded five years’ rigorous imprisonment.

Kishore, Anthony Doss and Abdul Jabbar — were acquitted by the Court and a total fine of Rs 5.10 lakh was imposed on them, it added.