Five sent to jail for cheating Indian Bank of Rs 4.19 crore
Darpan News Desk IANS, 02 Jun, 2023 10:46 AM
Chennai, June 2 (IANS) A special CBI court here on Friday awarded various jail terms to five individuals from two firms who cheated the India Bank of a total of Rs 4.19 crore.
The court sentenced P. Senthilkumar, the then CEO-cum-Chairman of Palpap Ichinichi Software International Ltd, Chennai, to five years rigorous imprisonment while T.R. Dhanasekar and R. Karunanidhi, both then Directors of SJS Network and Services Ltd, Chennai, were sentenced to three years rigorous imprisonment.
J. Murali and B. Latha Bhas were also sentenced to three years of rigorous imprisonment.
In addition to the jail terms, the court imposed a fine of Rs 1,25,000 on all the accused. Furthermore, a fine of Rs 1 lakh each was imposed on Palpap Ichinichi Software International Ltd and SJS Network & Services (P) Ltd.
The CBI registered the case against them in 2008 based on a complaint from Indian Bank. It was alleged that Palpap Ichinichi Software International Ltd, represented by Senthilkumar and others, and SJS Network and Services Ltd, represented by Dhanasekar and Karunanidhi, availed loans based on fake documents. They failed to repay the loan amount, causing a loss of Rs 4.19 crore to the bank.
After the investigation, a charge sheet was filed in 2008 against the accused before the Court of Additional Chief Metropolitan Magistrate, Chennai.
The trial court noted that the CBI successfully proved the case of the prosecution and held the accused guilty.
The NIA had produced Bishnoi before the court after bringing him to Delhi from Punjab on Monday for questioning in connection with a case registered last year. Bishnoi is currently lodged in Bathinda Central Jail.
Special judge M.K. Nagpal of the Rouse Avenue Court will pronounce the order on April 26. On Monday, the court had extended Sisodia's judicial custody by two weeks in the case.The probe agency had also said that the 60 days given to complete the investigation against Sisodia are not over yet.
The Chief Minister said: "Before 2017, the state was infamous for riots. More than 700 riots rocked the state between 2012 and 2017. But not a single riot broke out after 2017. Earlier, just the names of many districts scared people. Now there is no need to be scared.
On April 5, the ED had informed Judge Nagpal that it has found fresh evidence indicating Sisodia's involvement in the alleged excise scam, and the investigation is at a crucial stage. The court had extended AAP leader's custody till April 17 in this case.
In three separate incidents, the Customs Officials posted at Indira Gandhi International (IGI) Airport have arrested three persons who were supplying 3 kg gold worth Rs 1.68 crore. A Customs Official said that all three are Indian nationals who arrived from Middle East. They were intercepted and held on the basis of intelligence inputs.
A soldier died of a gunshot wound at around 4.30 p.m on Wednesday. He was on sentry duty with his service weapon. The weapon and cartridge case from the same weapon was found next to the soldier, it said. The gunshot wound was near the right temporal region. He was immediately evacuated to the Military Hospital, but succumbed to his injuries.
