23.11.2024-PIB,NEW DELHI
The Hon’ble XXXII Additional City Civil & Sessions Judge and Special Judge for CBI Cases, Bengluru, sentenced three accused including H.M. Swamy, then Branch Manager of Syndicate Bank, Mandya Branch (Karnataka); Vittal Das, then Manager of Syndicate Bank, Branch Kollegal (Karnataka) and Shri Asadulla Khan (private person) to 1-3 years’ Imprisonment with total fine of Rs. 52 lakh in a bank fraud case of Rs. 12.63 crore.
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Accused H.M. Swamy was sentenced to 03 years’ imprisonment with fine of Rs . 1.5 lakh, accused Vittal Das to 01 years’ imprisonment with fine of Rs. 50,000/- and accused Asadulla Khan (private person) to 03 years’ imprisonment with fine of Rs. 50 lakh.
Central Bureau of Investigation (CBI) had registered the instant case on 15.04.2009 on a written complaint of the Chief Vigilance Officer, Syndicate Bank against accused H. M. Swamy and Asadulla Khan. It was alleged that the accused indulged in fraudulent transactions in the sanction and disbursal of loans under the “Synd. Jai Kisan Loan and other credit facilities. It was also alleged that accused grossly misused their authority and conspired among themselves causing substantial financial loss to Syndicate Bank.
After completion of investigation, CBI filed chargesheet on 12.11.2010 against accused including those convicted by the Court.
The Court, after trial, held the public servants and accused private person guilty and sentenced them accordingly.
The convictions came in the wake of thorough investigation by CBI gathering cogent evidence in this bank fraud case. Substantiating evidences and witnesses were produced during trial which were appreciated by the Court.
