A Principal Special Judge for CBI cases here on Wednesday sentenced the former Chairman and Managing Director of the nationalised Indian Bank, M. Gopalakrishnan (77), to one year’s rigorous imprisonment (RI) and slapped a fine of Rs.1.50 lakh on him in a case relating to causing loss to the bank to the tune of Rs.3.26 crore.
The Judge, S.Malathi, also awarded one year RI to the then Zonal Manager of the bank, A.V.Shanmugasundaram, and two years RI to the Managing Director of a private construction company, S.Dhanasingh, in the case. A total fine of Rs. three lakh was imposed on the two.
The Judge suspended the jail terms for a month to enable the convicted persons to file appeals.
This is the third case in which Gopalakrishnan, against whom 20 cases were registered by the CBI in the mid-1990s, is being convicted in a corruption case.