A special judge for CBI cases in Ahmedabad on Tuesday sentenced eight accused, including the former branch manager of the Naroda branch of the State Bank of Saurashtra in Ahmedabad, to rigorous imprisonment (RI) of three to five years. 6.5 lakh in a bank fraud case in 2002.
The convicts include the then branch managers Becher Ganesh Jala, Paresh Kantilal Bhagat, Karthik Harshdaray Patel, Ritesh Dhirjlal Seth, Atul Dasarathalal Brahmabhat, Tejas Rameshchandra Brahmabhat, Amit H Patel and Nileshbhai D Shah, according to a Central Bureau release. of Investigation (CBI).
Jala was sentenced to 5 years in prison and a fine of Rs 1 lakh by a government employee for criminal treachery and criminal misconduct. Amit Patel was sentenced to the same sentence and equivalent fine for the charges of fraud, forgery of valuable security, forgery with intent to defraud and genuine use of forged documents. Seth and Karthik Patel have been sentenced to five years imprisonment with a fine of one lakh rupees each for the offenses of cheating, forgery of valuable security, forgery with intent to defraud and genuine use of forged documents. Tejas Brahmabhat and Bhagat have been sentenced to three years imprisonment with a fine of Rs 50,000 on charges of fraud and fraud. Shah and Atul Brahmabhat have been sentenced to 5 years in prison with a fine of 25,000 each for the crime of fraud.
The CBI registered the instant case on 18 July 2002. It was alleged that the Branch Manager Jala misused his official position as a Government servant and entered into a criminal conspiracy with private individuals with the intention of defrauding the State Bank of Saurashtra by approving the car finance. (debt) four lakh rupees each to accused Karthik Patel and Seth. Further, a loan of Rs 4.85 lakh was sanctioned to Amit Patel on the basis of forged and forged documents.
After completing its investigation, the CBI filed 12 separate charge sheets on different dates.
The CBI said that during the investigation, it was found that Karthik Patel and Seth had submitted car loan applications with fake documents such as quotations and margin money receipts issued by a fictitious firm of VAPI, where they had purchased a Toyota Qualis for Rs 7.99 lakh. and Hyundai Accent at 6.21 lakh respectively.
They also allegedly submitted fake income tax returns in support of their applications for car loans. It is alleged that fake quotations and margin money receipts were prepared by Atul Brahmabhat. Pankaj Patel was the guarantor of the loan in the name of Karthik Patel and Bhagat Sheth was the guarantor of the loan.
Similarly, Amit Patel had submitted his car loan application quotation, fake cover note, fake ITR, fake audit report of his firm and allegedly issued by a company while buying a Daewoo Nexia car at Rs 6.47. million In this case, Shah prepared bogus quotations and margin money receipts while Tejas Brahmabhat prepared fake copies of cover notes issued by insurance companies.
According to the CBI statement, Jala fraudulently and dishonestly failed to prove the creditworthiness of the said borrowers in the said criminal conspiracy. Misusing his official position as a public servant, he sanctioned car loans to borrowers, it added.
After the hearing, the court found the accused guilty and sentenced him.