Court finds seven persons guilty in multi-crore bank fraud

Update: 2013-12-12 23:45 GMT
A special CBI court here on Wednesday held seven persons, including two former bank managers, guilty in connection with a multi-crore bank fraud.

The CBI in June 2011 had filed a chargesheet against industrialist Kapil Tyagi, his wife Monali Tyagi, former bank managers K N Goswami and Dheeraj Sahariya.

Besides, chargesheet had also been filed against Nandlal Sahgal, Brijlal Singh and Ali Akhtar.
All were accused of receiving a loan of Rs 10 crore from Sikandrabad’s Punjab National Bank submitting fake documents in between 2008 and 2009.

Court of special CBI judge AK Singh has fixed Thursday for arguments on quantum of punishments between defence and prosecution.

Meanwhile, with the arrest of three persons, the police on Wednesday claimed to have busted a gang of robbers active in Noida and Ghaziabad.

Two country-made pistols, a live cartridge and 500-gm of charas were seized from their possession, police said, adding that the three were wanted in several robbery cases.

The arrested trio have been identified as Atul, Sanjeev Kumar and Prem Sharma all resident of Indirapuram and aged between 22 and 28 years, they said.

Acting on a tip-off that the three were heading towards the Saturday Market late last night, police conducted a raid and were fired upon by the trio. Following a brief gun-battle between the two sides, the three miscreants were finally arrested, police said.

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