A former branch manager of public sector Indian Bank and four others were awarded five years' rigorous imprisonment by a CBI Special Court here today in a fraud case.
Indian Bank's former manager of Srirangam branch, C Sankara Narayanan, proprietrix of Chivas Enterprises R Geetha, its Managing Partner G Radhakrishnan, Managing Partner of Ganesh Godown Complex B Kanagarajan, proprietor of Kumaran Silks, Tiruchi, T R Vijayaraman were sentenced to five years in jail for swindling and leading to a wrongful loss of Rs 92.7 lakh to the bank between 2002 and 2004.
"The Anti-Corruption wing investigated the case in 2004 in which the Indian Bank Branch Manager, C Sankara Narayanan, diverted the bank funds and favoured the individuals leading to loss of Rs 92.7 lakh to the bank", a CBI release said.
On completion of the investigation, charge sheets were filed and the CBI Court, Madurai, convicted and sentenced them to five years' rigorous imprisonment each and imposed a total fine of Rs 40,000, it said.
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