Court sentences bank manager to 5 years in jail in embezzlement case

A special CBI court here today sentenced a bank manager to five years' rigorous imprisonment for siphoning off Rs 16.92 lakh between 1988 and 1991.

Special CBI judge Manoj Kumar Singh also slapped a fine of Rs 17.40 lakh on Indresh Mishra.

During the period, Mishra was posted as manager of Prappur branch of Kshetriya Gramin Bank in Munger district.

The CBI, which began its probe in 1991, submitted in its charge sheet two years later that Mishra got fake accounts opened in the bank and got money transferred into these in the form of farmers' loans and benefits extended by way of government schemes.

While pronouncing the verdict, the court made it clear that Mishra will have to pay the fine amount "under all circumstances", unlike many other cases wherein the accused is given the option of an additional imprisonment of six months to a year.