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.
As per the latest data, nearly 1.25 crore passengers were carried by the domestic airlines during January, 2023 in the country as against 64 lakh during the same period last year. The passenger load factor or occupancy of the airlines remained on the higher side in the range of 80 to 90 per cent.
The accused were identified as Hardeep Harnal (35), a resident of Mohali, Punjab; Himanshu Verma (27), a resident of Sitapur, Uttar Pradesh; Sharafat Ali (29), a resident of Ambala, Haryana; and Sagar Bagga (30), a resident of Rohini in Delhi.
Mishra, who was arrested by the Delhi Police from Bengaluru on January 7 for allegedly urinating on a 70-year-old woman while in a drunken state on a flight last November, was granted bail on January 31 by national capital's Patiala House Court.
NCB Deputy Director General Gyaneshwar Singh said the woman was identified as Syeeda Abida. She had plans to travel from Delhi to Doha by a Qatar Airline flight but was apprehended at IGI Airport on March 10.
The two sessions of G20 are slated to be held in the state on March 15-17 and March 19-20. The first one is the second G20 Education Working Group Meeting, while the second is a two-day Labour 20 (L20) meeting.
On January 25, the Supreme Court granted interim bail for eight weeks to Ashish Mishra and directed him to leave Uttar Pradesh within one week of his release from jail. A bench comprising Justices Surya Kant and J.K. Maheshwari directed the sessions judge dealing with the trial of the case to keep apprising it about the future developments of the trial.
