New Delhi, Sept 23 (UNI) A special CBI court in Lucknow awarded a three-year jail term to Pankaj Khare, Deputy Chief Manager, Bank of India and Rajesh Khanna and Shamshul Haq Siddiqui with a fine of Rs 1.25 lakh each in a bank fraud case of Rs 6.8 crore.
A fine of Rs one lakh has been imposed on the accused private company Anita Contractor and Construction Private Limited in the case.
The Central Bureau of Investigation (CBI) registered the case in 2008 on the basis of a complaint of Assistant General Manager, Bank of India, Main Branch, Hazratganj, Lucknow on the allegation that during 2004-2006, the accused entered into criminal conspiracy with others.
They cheated Bank of India, Lucknow branch by availing of cash credit facility on the basis of forged and fabricated non-existent work orders, submitted forged property documents for creation of equitable mortgage and utilized the amount for purposes other than for which it was sanctioned. It caused loss to the bank to the tune of Rs. 6.80 crore.
After investigation, the CBI filed chargesheet in 2009 against Anita Jain, Managing Director of Anita Contractor and Construction Private Limited, Mohd. Isteyaq Khan, Pankaj Khare, Poonam Sinha, Prem Prakash, Rajesh Khanna, Shamshul Haq Siddiqui, Sudhir Kumar Jain, and Anita Contractor and Construction Private Limited. (through Anita Jain).
The Court, after the trial, convicted and sentenced the accused.
Proceedings against Prem Prakash Ashthana and Poonam Sinha have been discharged by the trial court. Sudhir Jain and Mohd. Isteyaq Khan expired during the trial of the case. A trial court acquitted Anita Jain from all the charges levelled against her on the ground of the benefit of the doubt.
