Lucknow: A special CBI court in Ghaziabad on Monday convicted four people, including a banker, in Rs 50 lakh bank fraud case, involving fake documentation and fraudulent loan disbursal.While Manoj Srivastava the branch manager of Union Bank of India was awarded three years of imprisonment and a fine of Rs 3 lakh, Deepak Malhotra, the proprietor of Girdhari Lal & Sons, was given five years of rigorous imprisonment along with a fine of Rs 14 lakh.Two other accused, Raj Kumar Samanta and Rakesh Kumar, were sentenced to three years in prison with fines of Rs 2 lakh and Rs 3 lakh respectively. The judgment was delivered nearly 15 years after the case was registered. The court held that Srivastava, in his official capacity, sanctioned and disbursed a cash credit loan of Rs 40 lakh and a term loan of Rs 10 lakh based on forged documents, causing wrongful loss to the bank.The Central Bureau of Investigation registered the case on December 14, 2010, while the chargesheet was filed on Sep 29, 2012. During the trial, the prosecution established that Srivastava abused his official position to enter into a criminal conspiracy with three persons to fraudulently siphon bank funds using fabricated paperwork.
