INVC NEWS
New Delhi,
The Special Judge for CBI Cases, Bhopal (Madhya Pradesh) has convicted Shri Kamlesh Kumar Chourasiya, then Branch Manager; Shri Vasant Pavase, then Assistant Manager (Credit), both working in Central Bank of India, Arera Hills Branch, Bhopal; Shri Brajesh Singh Yadav then Proprietor of M/s Rajdhani Construction & Developers & Shri Rajendra Prasad Tiwari (a private person) and sentenced them to undergo three years Rigorous Imprisonment.
CBI had registered a case U/s 120-B r/w 420, 468 & 471 of IPC and U/s 13(2) r/w 13(1) (d) of PC Act, 1988 on 04.02.2010 on a complaint from Central Bank of India, Bhopal. It was alleged that during the period 2007 to 2009, Shri Kamlesh Kumar Chourasiya, then Branch Manager; Shri Vasant Pavase, then Assistant Manager (Credit), both working in Central Bank of India, Arera Hills Branch, Bhopal with other persons entered into a criminal conspiracy in the processing of Housing Loan and caused a loss of Rs. 113.66 lacs(approx) to the Bank.
After completion of investigation, a charge sheet U/s 120-B r/w 420, 468 & 471 of IPC & U/s 13(2) r/w 13(1) (d) and U/s 19 of PC Act, 1988 was filed on 30.07.2011 in the Court of Special Judge for CBI Cases, Bhopal against Shri Kamlesh Kumar Chourasiya, the then Branch Manager; Shri Vasant Pawse, the then Assistant Manager(Credit), both of Central Bank of India, Arera Hills Branch, Bhopal; Sh. Rajendra Prasad Tiwari (Private Person) and Sh. Brajesh Singh, Proprietor of M/s Rajdhani Construction & Developers.
The Trial Court found the accused guilty and convicted them.
