The Additional City Civil and Sessions Judge for cases pertaining to the Central Bureau of Investigation (CBI), Chennai, Tamil Nadu, has sentenced former Chief Manager at Guindy Branch of Canara Bank D. R. Naik to two years' of rigorous imprisonment (RI) with a fine of Rs. 1 lakh for cheating.
The court also sentenced three private persons - T. S. Anantharaj Stephen, Franklin Samuelraj Toney, alias, Andrew Marshal, and K. Vasanthan - to undergo two years' RI with fines of Rs. 1.5 lakh, Rs. 1.25 lakh and Rs. 1 lakh, respectively.
The CBI had registered a case on allegations that D.R. Naik, Chief Manager, Canara Bank, Guindy Branch, in connivance with the private persons had entered into criminal conspiracy at Chennai and attempted to cheat Canara Bank, Guindy Branch, in preparing fake FDRs/Breaking of another FDR for Rs. 99 lakh of Tamilnadu Constructions Welfare Board, Chennai.
After investigation, the CBI filed a charge-sheet under relevant sections of the Indian Pernal Code (IPC) Act, 1988.
The trial court found the accused guilty and convicted them.
