Former manager, others get one year RI

PUNE: The special judge for CBI cases, Chennai convicted Rajesh Kataria, then managing director and his firm M/s Kataria Exports, Chennai and three officers of Dena Bank , M VVenkata Krishnan, the then branch manager; V Ramasamy, branch manager; T R V Dixit, chief manager for causing a loss of Rs 2.71 crore to the bank.
The trial court sentenced Rajesh Kataria, to one years rigorous imprisonment and fine of R 10 lakh and other three bank officers to six months imprisonment with fine of Rs 30,000.A fine of Rs 50,000 was also imposed on M/s Kataria Exports, Chennai (a private firm).
The CBI said that during the period 1999-2000, the accused persons entered into a criminal conspiracy to cheat Dena Bank for sending the original foreign currency non resident( FCNR) deposit receipts to the depositors abroad.
Both the managing director and director of said private firm had raised loan on the said FCNR deposits with the forged signatures of the depositors without their consent. The bank officials sanctioned loans based on the fabricated documents containing forged signatures of the depositors. Rajesh Kataria, of the firm had withdrawn the money through SB account and current accounts opened by him in his name and in the name of M/s Kataria Exports, Chennai. A loss of Rs 2.71 crore was caused to Dena Bank.
A chargesheet was filed against the said accused persons under sections 120 (b) read with 420, 201, 467 r/w 471, 468 and 471 of the IPC and 13 (2) r/w 13 (1) d of the PC Act 1988. During trial, the director of said private firm expired and charges against him were abated.