Archive · 5 Jan 2026
CBI Court Jails Ex-Bank Officials in Home Loan Fraud
A court in Pune, India, has sentenced three people to jail for cheating a bank in a home loan scam.
Two former bank officials, Nandkishore Khairnar and Ravi Bhushan Prasad, were given three years in prison each, along with a fine.
A woman named Priyanka Prashant Vispute, who took the loan, was sentenced to two years in prison with a smaller fine.
They were found guilty of using fake documents to get a loan of Rs 18.75 lakh, which caused the bank to lose Rs 24.54 lakh.
The case was investigated by the Central Bureau of Investigation (CBI) and started in 2016.
Two other people involved in the scam died before the trial ended.
A CBI court in Pune sentenced two former Central Bank of India officials and a co-borrower for home loan fraud.
Nandkishore Khairnar and Ravi Bhushan Prasad received three-year rigorous imprisonment sentences with Rs 75,000 fines each.
Priyanka Prashant Vispute, the co-borrower, was sentenced to two years in prison with a Rs 25,000 fine.
The fraud involved sanctioning and availing a Rs 18.75 lakh loan using forged documents, causing a Rs 24.54 lakh loss to the bank.
The CBI registered the case on February 17, 2016, and filed six charge sheets for different conspiracies.
- Who
- Nandkishore Khairnar, Ravi Bhushan Prasad (ex-bank officials), Priyanka Prashant Vispute (co-borrower)
- What
- Home loan fraud involving forged documents
- When
- Case registered on February 17, 2016; sentenced on an unspecified date in 2023
- Where
- Pune, India
- Why
- To cheat the bank by sanctioning and availing a loan using forged documents, causing a loss of Rs 24.54 lakh
- Convicted Individuals
- Nandkishore Khairnar, Ravi Bhushan Prasad, Priyanka Prashant Vispute
- Sentences
- 3 years RI (Khairnar, Prasad) with Rs 75,000 fine each, 2 years RI (Vispute) with Rs 25,000 fine
- Loan Amount
- Rs 18.75 lakh
- Loss to Bank
- Rs 24.54 lakh
- Case Registration Date
- February 17, 2016
- Bank Involved
- Central Bank of India, Pimpri Branch
- Charges
- Cheating, forgery, criminal conspiracy
