The CBI court in Chennai has sentenced seven years of rigorous imprisonment (RI) along with fine of 1.56 crore rupees in connection with a forgery case. Notably, the convict B Ramakrishna Prasad borrowed as much as 142 lakh rupees from Indian Bank in Mylapore branch by forging the documents. The money was borrowed between 1992 and 1998.  The second accused in the case was the bank manager  GS Subburaman. While. Out of total fine of 1.56 crore, Prasad had been directed to pay Rs. 1.55 crore while one lakh would be paid by the bank manager.

Notably, the case was filed at the CBI court by vigilance officer of the bank. Before he filed the case, the vigilance officer got the permission from the then chairman and managing director of the branch. The judge observed that the chief bank manager abused the power as he sanctioned such a big amount without verfication. Convict Ramakrishna Prasad had a firm named Vishnuvardhan Granites at Kodambakkam through which he borrowed the said amount.

(AW Phani)