State Bank officials convicted in fraud case

A CBI court here today convicted two officials of the State Bank of India in a fraud case and sentenced them to two years rigourous imprisonment besides directing them to pay a fine of Rs 25,000 each.
The CBI Anti Corruption Branch had registered a case in 2008 against D Kumar, M P Ranganathan and T Devan. They were working as Branch Banager, Accountant and Special Assistant (cash) respectively in the bank's Elephant Gate branch here.
The prosecution's case was that during the period from January 12, 2007 to July 31, 2007, the three in pursuance of a criminal conspiracy had made false entries in the records of the ATM at Elephant Gate and misappropriated Rs 52.28 lakh.

On completion of the trial today, XI Additional Special Judge for CBI Cases EMKS Siddharthar convicted Kumar and Ranganathan and sentenced them to undergo rigorous imprisonment for two years besides imposing the fine.
The charges against Devan abated following his death.