CBI Court sentences 4 years imprisonment with Rs 1 lakh fine to four accused in Bank Fraud Case
Dec 19, 2025
New Delhi [India], December 19 : The CBI Court in Delhi, in its judgment and order passed on December 18, sentenced four accused persons to four years' imprisonment and a fine of Rs. One Lakh each, in a bank fraud case, an official press release
The Central Bureau of Investigation (CBI) registered the instant case on February 9, 2009, on the conversion of Preliminary Enquiry.
It was alleged that the accused in conspiracy with each other, availed a Rupee Term Loan of Rs 15 Crore from Industrial Development Bank of India (IDBI) by submitting false information and forged documents showing utilisation of loan proceeds and siphoned off the funds so received from IDBI for purposes other than the purpose for which the loan was sanctioned and thereby cheated the IDBI.
After completing the investigation, the CBI filed a chargesheet against the accused on April 22, 2010. The Court, after the trial, convicted and sentenced the accused accordingly.
