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Ex-manager of Bank of Baroda gets one-year jail for cheating

Ex-manager of Bank of Baroda gets one-year jail for cheating

Mumbai: A special court here on Tuesday sentenced a former senior manager of the Bank of Baroda and two others to one-year imprisonment for cheating the public sector bank of Rs 2 crore in 2006 by fraudulently processing and availing a trade loan.

As per prosecution, the accused Atul Chatwani and his wife Sobhana Chatwani had obtained the cash credit facility of Rs 1 crore each in 2006 from suburban Goregoan branch of the bank by producing "forged documents".

The then senior manager (credit), Mahaveer Bhandari, had processed the loan.

Special court judge S U Wadgaonkar convicted Bhandari and the Chatwanis under various section of the Indian Penal Code (IPC).

Bhandari was also found guilty under Prevention of Corruption Act.

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