Jaipur: Former OBC Official Gets 7-Year Jail in Rs 12.14 Lakh Bank Fraud Case
Jaipur, Aug. 7 (TNT): A CBI court in Jaipur has sentenced a former official of the erstwhile Oriental Bank of Commerce (OBC) to seven years’ rigorous imprisonment and imposed a fine of ₹1.25 lakh in connection with a bank fraud case involving over ₹12 lakh.
The convicted official, Murari Lal Meena, then serving as Special Assistant at the Oriental Bank of Commerce branch at Sheosinghpura, Lalsot, Dausa district, was found guilty of abusing his official position by issuing unauthorised ‘No Dues’ certificates, facilitating the release of mortgaged securities despite outstanding loan liabilities.
The fraudulent acts caused a wrongful loss of ₹12,14,660.71 to the bank across three loan accounts, the agency said in a release here on Friday.
The agency registered the case on February 1, 2019, based on a complaint filed by the bank. After investigation, the CBI filed a chargesheet against the accused on September 30, 2019. Charges were framed by the court on October 12, 2022.
Following the trial, the CBI court convicted Meena and sentenced him to seven years’ rigorous imprisonment along with a fine of ₹1.25 lakh.
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