New Delhi, Jan 12 (UNI) A special CBI court has sentenced Punjab National Bank (PNB) officials to three years imprisonment in a Rs 4 crore bank fraud case. The court sentenced Kulvinder Kaur Johar, the then Chief Manager/Branch Head, and Ranjiv Suneja, the then Senior Manager of PNB, to three years in prison and imposed a fine of Rs 75,000 each.
The accused panel advocate of Punjab National Bank, Nrapendra Singh Parihar, was sentenced to two and a half years imprisonment with a fine of ₹50,000. The CBI registered the case in 2013 against Sanjiv Dixit, Proprietor of Shankar Metals; Sanjay Sharma, Proprietor of Super Machines; Indra Rani; and other unknown persons.
It was alleged that the accused conspired to dishonestly obtain a Cash Credit facility of Rs 4 crore from Punjab National Bank’s Jor Bagh Branch, New Delhi, using bogus and forged property documents, and diverted the loan proceeds for unauthorized purposes.
The investigation revealed that Sanjeev Dixit colluded with PNB officials K.K. Johar, Ranjiv Suneja, panel advocate N.S. Parihar, and others to fraudulently secure the loan based on forged documents and siphon funds through fake accounts of fictitious firms.
After investigation, the CBI filed chargesheets against Sanjeev Dixit (alias Sanjay Sharma), N.S. Parihar, Kulwinder Kaur Johar, Ranjiv Suneja, Rahul Sharma, and Rajeev Sharma. The trial court convicted and sentenced the accused accordingly. Sanjeev Dixit remains a proclaimed offender, while Rahul Sharma and Rajeev Sharma were acquitted.
