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HindustanTimes Sun,31 Aug 2014

CBI court convicts 2 in R1.65-crore bank fraud

HT Correspondent , Hindustan Times  Panchkula, August 31, 2013
First Published: 20:52 IST(31/8/2013) | Last Updated: 20:52 IST(31/8/2013)

CBI special court, Haryana, on Saturday convicted two people and acquitted one person in Rs. 1.65-crore fraud at a Punjab National Bank (PNB) branch in Sirsa.

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SK Sachdeva, a resident of Kaithal, remained posted as manager of a PNB branch in Secunderpur village from 2003 to 2005. During this period, two casheirs remained posted there, first Dayanad Ladda, a resident of Sirsa, and then after his stint of nine months, Sunil Kumar, a resident of Sirsa, joined.

The fraud of missing Rs. 1.65 crore came to light after Sachdeva's transfer. On the complaint of higher bank officials, the case was handed over to the Central Bureau of Investigation (CBI) in 2006. The investigating agency alleged that the money was extracted from various bank accounts by making false entries.

The CBI made the case of Rs. 97 lakh against Sachdeva and Kumar. Later, another fraud of Rs. 68 lakh came to light in which Sachdeva, Kumar and Ladda were made the accused.

The Haryana government pursued the case of fraud of Rs. 68 lakh, while the CBI pursued the fraud of Rs. 97 lakh.

Then in May this year, both the cases were joined on the directions of the Punjab and Haryana high court.

After the trial, Najar Singh, CBI special judge, Haryana, acquitted Ladda, while Sachdeva and Kumar were held guilty. The quantum of punishment against the two will be pronounced on September 4.

"There were four transactions connected with Ladda pertaining to Rs. 11 lakh. But the prosecution failed to connect those transactions with him. The CBI had also given him clean chit in the case of fraud of Rs. 97 lakh. We have been maintaining that he was innocent," said counsels for Ladda, SPS Parmar and Abhishek Singh Rana.


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