Archive · 25 Oct 2025
CBI Court Sentences Individuals in Hyderabad Bank Fraud Case
In Hyderabad, a court has punished seven people for a bank fraud.
The fraud involved a bank manager and borrowers who falsely obtained housing loans, totaling about 4.9 crore rupees.
The CBI investigated the case, leading to the court's decision.
The bank manager received a two-year prison sentence and a fine.
The borrowers were sentenced to one year in prison, along with fines.
The case began with the CBI's investigation in 2004, with charges filed in 2007, culminating in the recent convictions.
A CBI court in Hyderabad sentenced seven individuals in a bank fraud case.
The case involved a fraud of approximately Rs.4.9 crore.
T. Chandrakanth, the former Senior Manager, was sentenced to two years of rigorous imprisonment.
Six borrowers received one-year sentences.
The CBI registered the case in 2004 and filed a chargesheet in 2007.
- Who
- T. Chandrakanth and six borrowers
- What
- Were convicted and sentenced for a bank fraud.
- When
- The sentencing occurred after an investigation and trial by the CBI.
- Where
- Hyderabad, CBI Court.
- Why
- They were convicted for cheating the bank in the matter of sanctioning and disbursing housing loans.
- Case Value
- Rs. 4.9 crore
- Convicted
- 7 persons
- Senior Manager Sentenced
- T. Chandrakanth
- Senior Manager's Sentence
- 2 years rigorous imprisonment, Rs. 20,000 fine
- Borrowers' Sentence
- 1 year rigorous imprisonment, Rs. 55,000 fine
- Date of CBI Case Registration
- September 29, 2004
- Chargesheet Filed
- March 30, 2007