Chennai: A special CBI court in Chennai has sentenced four senior Indian Bank officials and two others to three years' rigorous imprisonment with a Rs 10,000 fine each in a Rs 30 crore loan scam.
The CBI court said Aziz, then Chief Manager, GV Srinivasan, then Senior Manager, Muthiah, then Senior Manager and S Arunachalam, then General Manager, all of Indian Bank, will undergo three years' rigorous imprisonment with fine of Rs 10,000 each and Ranjiv Batra and his wife Kiran Batra of M/s Kiran Overseas Ltd (both residents of Chennai) to undergo 37 months' rigorous imprisonment with fine of Rs 10,000 each. The court has also imposed a fine of Rs 10,000 each on M/s Kiran Overseas Ltd, Chennai and M/s Kiran Overseas Ltd, Delhi.
