The CBI Special Court of Dharwad convicted a bank manager, director of a trading company, chartered accountant, and two others in the case of defrauding Bank of India to the tune of ₹90 lakh.
Special Judge for CBI, Dharwad, N. Subramanya, on Friday issued the order convicting the five persons for the offence of cheating, forgery, criminal misconduct, and falsification of accounts and sentenced them to rigorous imprisonment for one year and a total fine of ₹1,60,000.
The case dates back to 2001. Then branch manager of Bank of India Shahapur branch D.V. Narvekar, director of Poonam Trading Company Anand Seshu, chartered accountant N. Adinarayana, and Devaraj and Hemalatha Devaraj were accused of cheating the bank. The accused have been facing trial for the last 22 years and now the judgment has been passed by the CBI court since the stay was vacated by the Supreme Court of India.
