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.
- 22 Aug 2019 6:17 PM GMT
- 1 May 2017 6:52 PM GMT
- 8 Oct 2019 4:43 PM GMT
- 31 Aug 2019 1:38 PM GMT
- 25 Oct 2017 3:32 PM GMT