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.
On Monday, India reported 5,880 Covid cases and the active caseload was 35,199. The daily positivity rate was at 2.88 per cent and the weekly positivity rate was 3.81 per cent. The active cases stand at 0.08 per cent and recovery rate currently is 98.73 per cent.
While addressing a rally of BJP workers in Assam' Dibrugarh, Shah also expressed confidence that the BJP will be victorious in at least 12 out of the 14 Lok Sabha seats in the state. According to him, the party is set to win big in the entire northeast, which accounts for a total of 25 seats in Lok Sabha.
The Chief Minister said Guru's supreme sacrifice as protector of 'dharma' was unparalleled in the history of mankind and stands out as an example for humanity. He said this museum is a humble tribute to this great Sikh Guru who made unparalleled sacrifices to uphold the value of righteousness, truth and freedom of faith.
The Air India flight AI 111 scheduled to operate on the Delhi-London-Heathrow route returned shortly after departure. An FIR was lodged as the accused person allegedly misbehaved and caused physical harm to two of the cabin crew members.
The daily positivity rate was at 6.91 per cent while weekly positivity rate stood at 3.67 per cent as per the data released by the Ministry. The active caseload currently stands at 35,199. The recovery rate is at 98.73 per cent.
The accused were identified as Sonu Kumar, 27, his brother-in-law Sandeep, and Jony alias Rocky, all residents of Haryana. Police said that they have recovered 113 ATMS cards of various bank, and two PayTm machines from the possession of the accused, and claimed to have solved 14 cases of cheating with the trio's arrest.
