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Tamil Nadu
Conviction confirmed
Mohamed Imranullah S.
MADURAI: The Madras High Court has confirmed the conviction and sentence imposed on a bank manager, two bank staff and two businessmen for stealing blank Demand Drafts from the branches of Bank of India and Bank of Maharashtra in Mumbai and encashing them at the Canara Bank and Allahabad Bank branches in Madurai.
Dismissing all the appeals filed by the convicts before the Madurai Bench, Justice A. Selvam said that he did not find any reason to interfere with the judgement passed by the Special Court for Central Bureau of Investigation cases here on December 27, 2002.
“The trial court has rightly sentenced them after considering all relevant evidence and gravity of the offence,” he observed.
According to the prosecution, Nana Mahadev Jadav and Prakash Ramachandra Payer working as sub-staff with the Bank Of India, D.N. Road Branch, Mumbai, and Bank of Maharashtra, Ghatkopar East Branch, Mumbai, had surreptitiously removed two DD books containing 100 leaves each.
The DD books were handed over to Girish Kumar Shivsankar Jani, Abdul Aziz, Salim Siraj Gillani and Asmat Kamal Choudhry alias Hashmat Khan (all four declared as absconding accused) of Mumbai who distributed the leaves to various places including Tamil Nadu.
Some of the DDs were sent to Muthukrishnan, an oil merchant in Tuticorin, who routed it through Thangasamy and Sathyaseelan (turned approvers) to N.R. Raveendran, a textile dealer in Madurai.
The latter opened a current account in the name of a fictitious company at Canara Bank, Ramnad Road Branch, Madurai, with the active connivance of its manager V. Ramasamy and clerk Balasubramanian and encashed four forged DDs to the tune of Rs.38,28,000.
Mr. Raveendran also opened a current account with the Allahabad Bank Branch here and encashed a few more DDs. The trial court sentenced the convicts to undergo five years rigorous imprisonment under various sections of the Indian Penal Code as well as the Prevention of Corruption Act and imposed a fine of Rs. Two lakh each. All of them appealed against the judgement but for Balasubramanian.
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