The Special Judge for CBI cases, Coimbatore (Tamilnadu) convicted Sh. S. Sakthivel, then Managing Director of M/s Chemfree Vegetable Pvt Ltd., Chennai, Sh. M.Vellaichamy, then Senior Manager, Central Bank of India, Coimbatore & Sh. C. Bommaiya, private person and sentenced them to undergo 3 years Rigorous Imprisonment with total fine of Rs.1,50,000 in a bank fraud case.
CBI had registered a case on 21.02.2011 on the allegations that M/s. Chemfree Vegetable (P) Ltd, Chennai represented by its Managing Director, Shri S. Sakthivel; Shri M. Vellaichamy, Senior Manager, Central Bank of India, Main Branch, Coimbatore & Shri C. Bommaiya, Private Person cheated Central Bank of India to the tune of Rs.1,41,44,861/- (approx) by submitting forged documents to the Bank. Using them as genuine, the loan was sanctioned & funds were released. The accused fraudulently withdrew the amount and the same was never repaid. In the process, Sh. M. Vellaichamy, Senior Manager, Central Bank of India abused his official position and shown undue favour to the accused, thereby causing loss to the Bank. The total outstanding amount was Rs.1,41,44,861/- including interest.
After investigation, a Charge Sheet was filed against the said accused. The Trial Court found the three accused guilty and convicted them.
Social media is bold.
Social media is young.
Social media raises questions.
Social media is not satisfied with an answer.
Social media looks at the big picture.
Social media is interested in every detail.
social media is curious.
Social media is free.
Social media is irreplaceable.
But never irrelevant.
Social media is you.
(With input from news agency language)
If you like this story, share it with a friend!
0 Comments