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

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Narendra Modi

80994.64 986.03 1.23%

2627

Bought today

360

Sold today

0.75%

User holding

video of the day

Wage hikes to hit Q1FY15 margin by 250-300 bps: Infosys

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.