INVC NEWS
New Delhi,
The Special Judge, CBI cases, Rouse Avenue Courts, New Delhi has sentenced Shri Sharad Kumar Mishra, then Senior Manager, Corporation Bank, Mayapuri Branch, New Delhi to undergo four years rigorous imprisonment with fine of Rs. 3,00,000/-; Smt. Urmila Sharma & Om Prakash, both to undergo four years rigorous imprisonment with fine of Rs. 2,00,000/- each; Sh. Satish Sharma to undergo four years rigorous imprisonment with fine of Rs. 3,00,000/- and Sh. Sumit Sharma to undergo four years rigorous imprisonment with fine of Rs. 2,00,000/- in a bank fraud case.
CBI had registered the case on 30.12.2015 on the allegations that M/s Shyam Memorial Society, through its members Smt Urmila Sharma, Sh. Satish Sharma, Sh. Om Prakash and Sh. Sumit Sharma entered into criminal conspiracy among themselves & others and secured a Term loan of Rs. 400 lakh from the Corporation Bank, Mayapuri Branch, New Delhi for construction and renovation of a school building at Sonepat (Haryana) on the basis of forged & fabricated documents and submission of false facts. The loan was turned to NPA. A loss of Rs 369 Lakh (approx) was caused to bank. During investigation, role of Shri Sharad Kumar Mishra, Senior Manager, Corporation Bank, Mayapuri Branch, New Delhi was also cropped up.
After investigation, a charge sheet was filed in the Designated court against the said accused persons. The Trial court found the accused guilty and convicted them.
