Seven To Ten Years Rigorous Imprisonment To Then Bank Official And Two Private Persons For Causing Loss To Bank

Share this News:


                 The Special Judge for CBI cases, Madurai (Tamilnadu) has sentenced Shri S.Sudalayandi, then official of SBI Vadiveeswaran Branch & a private person Sh. Rajkafur@Nazar@Ahammed both to undergo seven years Rigorous Imprisonment and another private person Sh. Siva to undergo ten years RI. The court has also imposed a total fine of Rs. 10, 90,000/- on them.

        CBI had registered a case on the allegations that the private individual entered into a criminal conspiracy with the bank official & opened a current account in fictitious name of  Nazer in SBI Perumalpuram Branch and subsequently transferred the account to Vadiveeswaran branch. The accused deposited 46 forged cheques purported to have been received from UCO Bank, Indian Bank Mumbai and Canara Bank, Bangalore for crediting the same. Further Shri Sudalaiyandi fraudulently removed the forged cheque from tapal, prepared forged payment advices and put up the same to bank officials for payment. A sum of Rs. 1,98,81,000/- (approx.) was credited into the account of Rajkafur @ Nazar  between 06.09.2002 to 30.12.2002, causing a loss to the bank.

        After completion of trial, the Special Court convicted the accused persons.