3 days ago
Indore CBI Court Sentences 13 in UCO Bank Fraud
A court in Indore found 13 people guilty in a bank fraud case.
They were accused of getting loans using land that belonged to other people.
Investigators said they used fake documents and made-up identities during the loan process.
The CBI also said some sale deeds and government revenue orders were forged.
The alleged fraud caused UCO Bank to lose more than Rs 3 crore.
Each convicted person was sentenced to five years in prison.
Together, they must also pay a fine of Rs 1.56 lakh.
The CBI began the case in 2012 and later filed 10 chargesheets.
A CBI court in Indore sentenced 13 people to five years of rigorous imprisonment.
The court imposed a combined fine of Rs 1.56 lakh on the convicts.
The case involved more than Rs 3 crore in losses to UCO Bank.
The CBI said the accused used third-party land, forged documents and fictitious identities to obtain loans.
The CBI registered the case in 2012 and filed 10 chargesheets in December 2013.
- Who
- A CBI court sentenced 13 people, including Anil Patel, Manmohan Yadav, Kailash Yadav and 10 others named by the CBI.
- What
- The 13 people were convicted and sentenced to five years of rigorous imprisonment in a UCO Bank loan-fraud case, with a combined fine of Rs 1.56 lakh.
- Where
- The proceedings took place in a CBI court in Indore.
- When
- The case was registered on March 30, 2012; the conviction and sentencing were reported on Saturday.
- Why
- The CBI alleged that the accused conspired to obtain loans using third-party properties, forged documents and fictitious identities, causing UCO Bank losses of more than Rs 3 crore.
Key facts
- Court
- CBI court, Indore
- Convictions
- 13 people
- Sentence
- Five years of rigorous imprisonment each
- Fine
- Total of Rs 1.56 lakh
- Bank affected
- UCO Bank
- Reported loss
- More than Rs 3 crore
- Case registered
- March 30, 2012
- Chargesheets
- 10 chargesheets filed on December 20, 2013
Quotes
Central Bureau of Investigation
India’s federal investigative agency that investigated and prosecuted the bank fraud case
“The court conducted the trial in the cases and, after examining the evidence and material placed before it, convicted and sentenced all the accused.”
thehansindia.com
Sources
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