Four bank employees jailed for Rs.1.7 crore fraud
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Four former Central Bank of India officials have been sentenced to imprisonment with terms varying from five to six years by a Mumbai CBI Special Court for cheating the bank of about Rs.1.7 crore, an official said here Monday.
Central Bureau of Investigation (CBI) Special Judge R.G. Asmar found four of the six accused guilty of fraud and convicted them to jail terms and fines.
Vijay Dattatray Deshpande, Vaishali Vijay Desphande and Jyoti Sanjay Velingkar were handed down five years' rigorous imprisonment and fine of Rs.120,000 each, and Sanjay Hari Velingkar was sentenced to six years' jail term and fine of Rs.100,000.
During 1993-2000, the six accused used forged documents and bank accounts misusing their official positions to cheat the bank of the huge amount, a CBI official said.
The six were booked in 2001 by the CBI, the official said.
Those booked by the CBI were: Vijay Dattatray Deshpande was assistant branch manager at Central Bank of India, Worli; Vaishali Vijay Desphande was assistant manager at Santacruz branch; Sanjay Hari Velingkar, telephone operator-cum-clerk at the Lamington Road branch; Jyoti Sanjay Velingkar who was clerk in the same branch; and Sopan Anand Tiwari and Ratna Shetty, both clerks, at the Grant Road branch of the bank.
"Between 1993-2000, they entered into a criminal conspiracy with each other to cheat the Central Bank of India to the tune of Rs.1.7 crore by abusing their official position. The CBI filed the charge sheet against them in September 2003," the official said.
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