Imprisonment with total fine of Rs two lakh
The Ld. Spl. Judge, CBI Central Court, Lucknow has sentenced two accused private persons namely Shri Ramesh Chandra Dutta and Shri Ajit Pal Singh, both Power of Attorney holders in the account of M/s Shivam Traders, Kanpur to 3 years’ Imprisonment with total fine of Rs. 2 lakh in a case related to Bank fraud.
FinTech BizNews Service
Mumbai, September 24, 2024: Central Bureau of Investigation (CBI) had registered a case on 23.03.2000 on a written complaint from Zonal Manager, UCO Bank, Lucknow alleging that during 1998-99, accused Shri Vijay Kumar Nagar, then Branch Manager, UCO Bank, Genralganj Branch, Kanpur (UP) in criminal conspiracy with M/s Shivam Traders Kanpur, M.V. & Sons, Kanpur and others, misused his official position and granted unauthorized credit facility/over drawings, over and above his discretionary power to the aforesaid firms. This, allegedly, wrongful loss of Rs.68 lacs to the bank and corresponding wrongful gain to accused.
After investigation, chargesheet was filed on 23.12.2002 against 04 persons namely; Shri Vijay Kumar Nagar, then Branch Manager, UCO Bank, Generalganj Branch, Kanpur, Shri Ramesh Chandra Dutta & Shri Ajit Pal Singh (both Power of Attorney holders in the account of M/s Shivam Traders, Kanpur) and Shri Vijay Kumar Shukla (Power of Attorney holder in the account of M/s M.V. & Sons, Kanpur).
The Court, after trial, found two said accused private persons guilty and sentenced them accordingly. During trial, 2 accused persons namely public servant Vijay Kumar Nagar and Vijay Kumar Shukla, private person, expired, hence trial against them was abated.
