An exporter and three officials of Dena Bank were today convicted by a CBI court and sentenced to different jail terms for cheating and fraud.
The Anti-Corruption Branch of CBI had in 2001 registered a case against Rajesh Kataria, MD, Kataria Exports and three officials of Dena Bank for causing wrongful losses to the bank to the tune of over Rs 2.71 crore.
The accused entered into a 'criminal conspiracy' to cheat Dena Bank by making available Foreign Currency Non-Resident (FCNR) deposit receipts to Kataria who raised loans on the deposits with forged signatures, a CBI release here said.
"The accused bank officials sanctioned loans based on the fabricated documents containing forged signatures of the depositors," it said, adding, Kataria had withdrawn the money through SB account and current accounts opened by him in his name and in the name of his company, causing wrongful loss to Dena Bank to the tune of Rs 2,71,44,564.61.
Upon completion of trial, S Sengottaiyan, Additional Special Judge for CBI Cases, Chennai, convicted Kataria to one year RI and imposed a fine of Rs 10 lakh while Dena Bank officials--M Venkata Krishnan, V Ramasamy and TRV Dixit were convicted and sentenced to undergo simple imprisonment of six months and asked to pay fine of Rs 30,000/ each, it added.
