- Out of the nine charge sheets, the verdict was announced in five charge sheets on 20. 12. 2024 in which 15 accused were sentenced to 3-5 years’ imprisonment and a fine of Rs. 15. 35 lakhs
- The verdict in respect of the remaining four charge sheets was pronounced on 09. 01. 2025
NE NEWS SERVICE
AHMEDABAD, JAN 10
The CBI court has sentenced 05 accused, including the then branch manager of State Bank of Saurashtra, Naroda Road Branch, Ahmedabad, to five years of rigorous imprisonment (RI) and a total fine of Rs. 7 lakh, in a bank fraud case.
Special Judge of CBI Cases , Court No. 01, Ahmedabad has sentenced 05 accused, including Becharbhai Ganeshbhai Zala, then Branch Manager , State Bank of Saurashtra, Naroda Road Branch, Ahmedabad and other private individuals to five years of rigorous imprisonment (RI) and a total fine of Rs. 7 lakh in a bank fraud case.
The CBI had registered an urgent case against the accused on 11.09.2001 in which B.G. Zala , who was the then Branch Manager, had entered into a criminal conspiracy with the accused private individuals and others at Ahmedabad , with the object of cheating the State Bank of Saurashtra , Naroda Road Branch in the matter of public housing finance . It was also alleged that housing finance worth Rs. 3.93 crore was sanctioned on the basis of forged and false documents submitted by the borrowers . The above accused did not check the loan eligibility of the borrowers.
After the completion of the investigation, the CBI filed 9 different charge sheets on different dates including the accused. Out of the nine charge sheets, the verdict was announced in five charge sheets on 20. 12. 2024 in which 15 accused were sentenced to 3-5 years’ imprisonment and a fine of Rs. 15. 35 lakhs.
The verdict in respect of the remaining four charge sheets was pronounced on 09. 01. 2025. Along with this, 20 accused have been sentenced to rigorous imprisonment in the nine charge sheets filed in the case and a total fine of Rs. 22.35 lakh has been imposed.
