Andhra Pradesh - Hyderabad   

Jailed for defrauding bank

Staff Reporter

HYDERABAD: The Special Judge for CBI Cases, Hyderabad, has sentenced a businessman Laxman Kumar to undergo four-year rigorous imprisonment following his conviction in a cheating and criminal conspiracy case. Another accused, M.S. Nagarajan, former manager (advances) of IOB, Hyderabad, was already convicted 16 years ago, a press release said.

Owner of M/s Sinclair Laminates Kumar cheated RP Road and Mallapur branches of the IOB to the tune of Rs. 3.45 lakhs.

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