The additional special judge for CBI cases G Sunitha here today sentenced three persons including a former official of the Bank of Maharashtra to five years's simple imprisonment in a case of fraud.
A CBI release here said the court convicted Gujjula Venkata Shiva Reddy, former manager of Rajahmundry branch of the BOM; Krishnaswamy Sridhar and Sri Krishna Rao Ananda Rao.
The court also imposed a fine of Rs 1 lakh on each of them.
According to the CBI, in 2001, Reddy entered into a conspiracy with Sridhar and Rao, and sanctioned them a loan of Rs 30 lakh by using forged documents against the security of an FCNR (Foreign Currency Non Resident) deposit of USD 5,07,000 of two Non Resident Indians from Jakarta, Indonesia, without the NRI persons' consent.
All three were convicted for cheating and criminal conspiracy.
