A special judge of the CBI court in Ahmedabad has ordered the Dena Bank manager of the Silvassa branch in the Union Territory of Dadra and Nagar Haveli and two others to pay Rs. 1.93 crores, 3.8 lakh fines and sentenced to three years rigorous imprisonment.
The convicts have been identified as Shishir Kumar Srivastava, the then manager of Dena Bank’s Silvassa branch, and two private individuals named Babu Jayesh Singh Ganesh Singh Thakur and Sumabbhai Bhailalbhai Shaikh.
The Central Bureau of Investigation (CBI) registered a case against all three on June 1, 2063.
In the complaint, it is alleged that in 2002-2003, Srivastava entered into a criminal conspiracy with other accused by preparing forged or forged bank guarantees in favor of two PSUs. It is alleged that he misused his position by making the documents appear to be genuine and forged the seal of Dena Bank of Amali branch of the bank. It is alleged that he caused a total loss of 1 crore 93 lakh 59 thousand 500 rupees to the bank.
After the investigation was completed, the CBI filed a chargesheet in the case in July 2006. The accused persons were charged with criminal conspiracy, cheating, forgery, forgery of valuable security, forgery for the purpose of fraud, and genuine use of forged documents. Along with criminal mischief.