Greeva Garg –
Published on: August 31, 2021, at 16:41 IST
A special Central Bureau of Investigation Court in Mumbai has convicted 7 people in 2008 Loan Fraud Case, including 5 State Bank of India (SBI) officials.
Special CBI Judge SU Wadgaonkar convicted accused for imprisonment ranging from one to five years and imposed fine up to Rs. 23 lakhs.
The matter was in regard to the complaint filed by SBI in 2008 regarding a loan availed from the Opera House branch of State Bank of India by National Steel Corporation Private Limited (NSCPL).
Zarina Bataliwala alias Nargis Rusi Divendry, Director of National Steel Corporation Private Limited (NSCPL), one of the accused, had applied for a loan of Rs 1.25 crores from the Opera House branch of SBI in 2008. He was imposed with 5 years of imprisonment, convicted of Cheating and Forgery.
Neela Samant and Ram More, then Assistant General Manager (AGM) of Opera House branch of SBI was imposed with one year and three years of jail term and fine of Rs 23 lakhs.
Utsav Prasad, the then Customer Service Officer (CSO), was sentenced to three years imprisonment and a fine of Rs 23 lakh was also imposed on him.
With two years imprisonment and a fine of Rs 20 lakh fine, Jayant Bijapurkar, then Assistant Vice President was convicted.
However, Kailash Chand Dayani, then Assistant General Manager was acquitted by the Court on the benefit of reasonable doubt.
Nand Kumar Karnik, then Deputy Manager of Opera House branch of SBI and Dnyaneshwar Sawant, an employee of the NSCPL also got one year imprisonment.
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