Five get one-year rigorous imprisonment for cheating bank

Five people, including former senior employees of a state cooperative banks, have been sentenced five years of rigorous imprisonment and asked to pay Rs 10,000 fine by a special CBI court in Guwahati in a 12-year -old cheating case.
Imran Shah, the then Adviser of Assam State Cooperative Agricultural & Rural Development Bank (ASCARD Bank), Khireswar Saikia and Pahar Khan, both the then Deputy Managers of ASCARD Bank, and Monoj Kumar Prithani and Sanjeev Kumar Prithani, partners of M/s Brahmaputra Consortium, were convicted in two cases for causing a loss of Rs 96,924 to the bank, a CBI press release issued today said.

Both the cases were registered on February 8, 2001 by CBI on transfer of investigation of Paltan Bazar Police Station.
On completion of investigation, a charge sheet was filed on January 7, 2004 under the Prevention of Corruption Act in the court of Special Judge, CBI, Guwahati (Assam).
"It was alleged that the accused persons had caused a loss of Rs 96,924 (approx) to the ASCARD Bank by making excess payment to M/s Bhramputra Consortium in the award of a contract for boring the deep tube well in Bank's new building during 1995-1996," it said.