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Former Union Bank manager gets 5 years jail in fraud case

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Press Trust of India Indore
A special CBI court today sentenced a former manager of the Union Bank of India to five years jail term and also imposed a fine of Rs 16.5 lakh on him in a case related to fraud.

Anil Yadav, 58, was convicted for cheating, forgery, criminal breach of trust and other sections of the Indian Penal Code (IPC).

Special Judge Rajiv Kumar Ayachi also convicted Preeti Malviya, 36, for conspiracy and sentenced her to two years in jail.

According to CBI, Yadav opened a bank account in a UBI branch in Preeti's name and fraudulently transferred Rs 17.3 lakh into her account between 2006 and 2009.

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First Published: Apr 25 2014 | 10:37 PM IST

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