Hyderabad: The unique judge for CBI court in Hyderabad has actually founded guilty and sentenced T. Chandrakanth, the then Senior Manager, Corporation Bank of Banjara Hills Branch to 2 years of strenuous jail time (RI) with a fine of Rs. 20,000 and half a lots customers to one year RI with a fine of Rs.55,000 in Rs.4.9 crore bank scams case.
The 6 customers consist of VNSC Bose, V. Rajansri, Konda Sekhar Reddy, NVP Nanda Kishore and H. Raja Sekhar Reddy, according to a declaration released by CBI. The CBI signed up the instantaneous case on September 29, 2004 versus Chandrakanth and 16 others for cheating the bank in the matter of approving and paying out real estate loans aggregating to the tune of Rs.4.9 crore on the basis of incorrect and fictitious files.
After examination, the CBI submitted a chargesheet on March 30, 2007 versus Chandrakanth and 11 others. After the trial, the court founded guilty 7 implicated individuals and sentenced them appropriately.