Rs 1.23 crore fraud: CBI secures 2-year jail term for ex-bank manager

DEHRADUN: A Special CBI Court sentenced a rural bank manager in Uttarakhand to two years’ imprisonment for a Rs 1.23 crore fraud committed in 2010, an official said on Tuesday.

The Special Court sentenced Laxman Singh Rawat, then manager of Uttarakhand Gramin Bank, Dehradun, to imprisonment with a fine of Rs 15,000, said a CBI statement.

The court, on Monday, also held five private persons guilty in the case and sentenced them to one year's imprisonment with a fine of Rs 10,000 each. The five were identified as: Makan Singh Negi, Kalam Singh Negi, Sanjay Kumar, R.C. Arya and Meena Arya.

The Central Bureau of Investigation (CBI) registered the case on February 24, 2010, based on a complaint of the Chief Manager (Vigilance), Uttarakhand Gramin Bank, Head Office, Dehradun, against the accused manager Rawat.

The probe agency’s investigation revealed that Rawat generated a debit entry of Rs 1.23 crore by debiting the head office account for the Prem Nagar branch and crediting it to the six different loan accounts belonging to private persons/entities.

After the investigation, the CBI filed the charge sheet in the case on April 1, 2011, against Rawat and the five other accused.

In a similar case involving a bank manager, a Special CBI Court in Uttar Pradesh’s Ghaziabad sentenced a Union Bank of India branch manager to four years’ imprisonment with a fine of Rs 30,000 in a Rs 40 lakh bank fraud case on September 25.