 "CBI court convicts six people for causing loss to Indian Bank")
According to CBI, A Kandhakumar, the VIII Additional City Civil and Sessions Judge for CBI Cases, Chennai convicted two individuals, four public servants and two companies in the Indian Bank scam case.
The allegation of the case registered by CBI, EOW, Chennai in 1998 was that Kiran Innovations headed by Ranjiv Batra availed itself of various loan facilities including PC, FBP, FBN in connivance with the officials of Indian Bank, Chennai and misutilised the same by submission of forged documents.
Read more from our special coverage on "INDIAN BANK"
The court sentenced Ranjir Batra and Kiran Batra of Kiran Innovations for two years and fined them Rs 32,500 each.
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