Chennai, Dec. 30 -- A CBI Court, Chennai today convicted and sentenced a private firm and four of its directors to five years rigorous imprisonment in a Rs 5.75 crore bank fraud case.
A CBI release said the accused private company is M/s. D.N. International Ltd. and its Directors are, Ketan A. Shah, Mukesh A. Shah, Ashwin H. Shah and Rashmikant Shah.
The Directors of the company have been sentenced to undergo Rigorous Imprisonment for five years each and to pay a fine of Rs.4,00,000 each.
The court imposed a fine of Rs four lakh on the firm.
The case was registered by CBI on February 19, 2002 based on reliable information that during the period 1999-2000, the accused persons viz. then Chief Manager, Andhra Bank, Mowbrays Road Branch, Ch...