The Live Ahmedabad
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured

The Live Ahmedabad

  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
Ahmedabad BusinessAhmedabad CityGujarat

Two PNB employees, a senior manager, have been sentenced to five years in jail in connection with a fraud case involving Rs 40 lakh

by TLA November 16, 2021November 16, 2021
written by TLA November 16, 2021November 16, 2021
Two PNB employees, a senior manager, have been sentenced to five years in jail in connection with a fraud case involving Rs 40 lakh

A Special CBI court in Gujarat’s Ahmedabad has sentenced a senior manager of Punjab National Bank (PNB) and two businessmen to five years of imprisonment for defrauding the bank of Rs 40 lakh, officials said.
The court also imposed a fine of Rs 7.5 lakh on Sanjiv Kamalkar Inamdar, the then Senior Manager of Punjab National Bank’s Ahmedabad branch. A fine of Rs 7 lakh each has been imposed on the other two convicts – Mayank Bachubhai Shah and Rikin Bachubhai Shah – proprietors of Gujarat-based Jainal Enterprise.
THREE CONVICTED IN FRAUD CASE
CBI had registered a case on December 2, 2004 against the bank officials on the allegations that they had sanctioned a cash credit (hypothecation) facility of Rs 40 lakh to Mayank Bachubhai Shah on the basis of forged documents, without carrying out physical verification of the immovable property.
During the investigation, the CBI collected evidence and established before the court that the allegations against the accused were true.
After investigation, CBI filed a chargesheet on October 6, 2006 against the accused. During the trial, the three accused were found guilty.

Ahmedabad cityAhmedabad newsCBIestablishedGujaratGujarat newsMayank BachubhaiPunjab National Bank’Verification
0 comment
previous post
Check visitors’ vaccination status at private premises
next post
A new principal is needed for MG Science

You may also like

students report using BTS, and 70% of them...

August 13, 2022

Cow HITS former Gujarat Deputy Chief Minister during...

August 13, 2022

GMRS to launch Phase 1 of Metro by...

August 13, 2022

Mithai sales hit a sweet spot

August 13, 2022

IRCTC announces to run 14 special trains for...

August 13, 2022

The third Vande Bharat train departs the plant...

August 13, 2022

Your wait for luggage at the city airport...

August 13, 2022

Gujarat High tides trigger panic in Valsad

August 13, 2022

Gujarat government received a SC notice about Asaram...

August 13, 2022

Heavy rains cause flooding in parts of Ahmedabad

August 13, 2022

Leave a Comment Cancel Reply

Save my name, email, and website in this browser for the next time I comment.

Recent Posts

  • students report using BTS, and 70% of them are girls.

    August 13, 2022
  • Air India’s grounded aircraft take to the skies again

    August 13, 2022
  • Cow HITS former Gujarat Deputy Chief Minister during ‘Tiranga Yatra’ on Road

    August 13, 2022
  • CUET UG 2022: Phase 4 exams postponed for 11,000 candidates

    August 13, 2022
  • GMRS to launch Phase 1 of Metro by mid-September

    August 13, 2022
November 2021
M T W T F S S
« Oct   Dec »
1234567
891011121314
15161718192021
22232425262728
2930  
Footer Logo
  • Home
  • Ahd City
  • Business
  • Entertainment
  • Education
  • Crime
  • Health
  • Politics
  • Sports
  • Featured
  • Privacy Policy
  • Disclaimer
  • Cookie Policy
  • Terms of use
  • Advertise with Us
  • Work With Us
  • Contact Us

© 2021 - The Live Ahmedabad. All Rights Reserved.