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Karnataka
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Bangalore
Bank manager convicted
Staff Reporter
BANGALORE:
A Central Bureau of Investigation (CBI) designated court here has convicted and sentenced to rigorous imprisonment a manager of Punjab National Bank, who had caused a loss of Rs. 1.97 lakh to the bank by indulging in criminal conspiracy, cheating, forgery and causing disappearance of evidence.
The CBI had filed a charge sheet in the court that while working as manager of Punjab National Bank's Indiranagar branch in 1990, D.M. Amaranth had committed these offences by colluding with Shashi Kumar Velayudhan Nair of Navabharath Enterprises.
The court has sentenced Mr. Amarnath to two years of rigorous imprisonment and fined him Rs. 5,000 for the offence of criminal conspiracy, rigorous imprisonment of three years and a fine of Rs. 10,000 for cheating and dishonestly inducing delivery of property; three years of rigorous imprisonment and a fine of Rs. 5,000 for forgery and one year rigorous imprisonment and a fine of Rs. 1,000 for causing disappearance of evidence and giving false evidence to screen the offender, according to a press release issued by the CBI on Wednesday.
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