Booked 27 yrs ago, 72-yr-old to serve one year in prison | mumbai | Hindustan Times
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Booked 27 yrs ago, 72-yr-old to serve one year in prison

Twenty-seven years after a case of fraud was registered against a bank manager, the accused, now a septuagenarian, will have to serve one year in prison.

mumbai Updated: Mar 11, 2011 01:44 IST
HT Correspondent

Twenty-seven years after a case of fraud was registered against a bank manager, the accused, now a septuagenarian, will have to serve one year in prison.

A designated Central Bureau of Investigation (CBI) court on Thursday convicted 72-year-old Ashok Apte, a former branch manager at Punjab National Bank for misusing his official position. CBI judge VR Sikchi sentenced the senior citizen to one year of rigorous imprisonment and also imposed a fine of Rs10,000.

CBI special judge Sikchi held Apte guilty for misusing his official position and convicted him under various sections of the Prevention of Corruption Act. However, considering his age and the inordinate delay in his trial, he was given a lenient sentence.

According to the CBI, between 1982 and 1984, Apte transferred money to one Narendra Kothari of Shaila Textiles without seeking permission. “Apte had created dubious bank debit and credit vouchers to transfer more than Rs2.6 crore to Shaila Textiles without any sanctioning order from the main office,” said CBI counsel Kiran Makasare.

His successor, GK Bhatt, had noticed discrepancies in account statements and had complained about the fraud.

Apte was arrested subsequently but was released on bail, and the prosecution against Kothari was dropped after he died during pendency of the trial.

The prosecution examined seven witnesses including the three inspectors who investigated the creation of the fake vouchers.