New Delhi, Sept. 25 -- A Special CBI Court in Ghaziabad today sentenced a former UCO Bank branch manager to four years in prison for sanctioning a loan of Rs 40 lakh to his accomplices based on forged documents.
The accused, Manoj Srivastava, pleaded guilty in the case.
The court also imposed a fine of Rs30,000 on Srivastava.
The CBI originally registered the case in 2010 against Srivastava and others on allegations of bank fraud. According to the charges, between May 2007 and June 2009, Srivastava abused his official position as a public servant and conspired with Om Prakash Maheshwari (Proprietor of Pioneer Enterprises), Rashmi Srivastava, Prithvi Raj Saxena (a Chartered Accountant), and Manish Kothari. He sanctioned the Rs 40 lakh loa...