Archive · 5 Oct 2026
Jaipur Court Sentences Former Bank Manager in ₹3.61 Crore Fraud
A court in Jaipur has punished two men for a bank loan fraud.
Ram Bharos Meena was a bank branch manager, and Makhan Lal Meena was a private individual.
The court said the case involved loans worth ₹3.61 crore.
The loans were approved in 17 accounts without proper applications, paperwork or security.
Ram Bharos Meena was sentenced to seven years in prison and fined ₹2.85 lakh.
Makhan Lal Meena received three years in prison and a ₹25,000 fine.
The bank complained to the authorities, and the CBI investigated the case.
After a trial, the court found both men guilty.
A Special CBI Court in Jaipur sentenced former Bank of Maharashtra manager Ram Bharos Meena to seven years in prison and fined him ₹2.85 lakh.
Co-accused Makhan Lal Meena was sentenced to three years in prison and fined ₹25,000.
The case involved loans totaling ₹3.61 crore allegedly sanctioned across 17 accounts from January 15 to May 6, 2015, without valid applications, documents or security.
The CBI registered the case on November 9, 2016, after a complaint from the bank’s Jaipur Zonal Office.
The CBI filed a charge sheet in July 2020; the court framed charges in December 2021 and convicted the two men after trial.
- Who
- Former Bank of Maharashtra branch manager Ram Bharos Meena and private individual Makhan Lal Meena.
- What
- The Special CBI Court sentenced the men for a loan fraud involving ₹3.61 crore.
- When
- The court announced the sentences on September 30; the article does not specify the year.
- Where
- A Special CBI Court in Jaipur, Rajasthan.
- Why
- The case concerned loans allegedly sanctioned in 17 accounts without valid applications, supporting documents or security, causing a loss of ₹3.61 crore to the bank.
- Bank
- Bank of Maharashtra
- Amount involved
- ₹3.61 crore
- Accounts involved
- 17
- Loan period
- January 15 to May 6, 2015
- Ram Bharos Meena’s sentence
- Seven years’ rigorous imprisonment and a ₹2.85 lakh fine
- Makhan Lal Meena’s sentence
- Three years’ rigorous imprisonment and a ₹25,000 fine
- CBI case registered
- November 9, 2016