Moneycontrol
Dec 10, 2012 09:29 PM IST | Source: PTI

Trio get jail for Rs 8 cr bank fraud

Trio get jail for Rs 8 cr bank fraud

New Delhi, Dec 10 (PTI) A former officer of Oriental Bank of Commerce was sentenced to one-year imprisonment by a special CBI court for cheating the bank to the tune of nearly Rs eight crore through fraudulent manipulation of bank drafts. The judge also sent Vikaspuri-resident Uma Bhatla and Manjeet Kumar, Proprietor of Shivani Jewellers at Karol Bagh, to three-year in jail. All the three accused were imposed with fine as well. "The investigation revealed that Ram Kumar, the then officer of Oriental Bank of Commerce, used to provide stolen book of blank demand drafts to Uma Bhatla who used to fabricate and forge these drafts with high value amount and Manjeet Kumar used to get the amount of these drafts credited in his firm's bank account," a CBI spokesperson said. The court has also declared two other persons, who are at currently absconding, as proclaimed offenders. PTI ABS RAI

tags #Wire News

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