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Court sentences former bank official to 3-year imprisonment in 2003 fraud case
Updated On: 11 February, 2025 03:31 PM IST | Ahmedabad | PTI
He had allegedly helped a beneficiary avail a working capital of Rs 30 lakh, letter of credit of Rs 25 lakh and a term loan of Rs 25 lakh on the basis of forged and bogus collateral security, the CBI said
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A special CBI court has sentenced a former chief manager of the Bank of India to three years' imprisonment and also imposed a fine of Rs 1.5 lakh on him in a two-decades-old case of fraud.
Jeevangine Srinivasa Rao was accused of causing a wrongful loss of Rs 80 lakh to the bank.
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