They cheated a bank to the tune of Rs. 24.18 lakh
Coimbatore: The judge of the Special Court for CBI Cases, G. Jayachandran, on Wednesday convicted and sentenced two women in a bank fraud case.
According to the prosecuting agency, the Anti-Corruption Bureau of the Central Bureau of Investigation, S. Jayashree of Bangalore who was working as a clerk-cum-cashier with a bank at Salem had colluded with Saraswathi Vittal, a private school teacher in Salem, and cheated the bank of Rs 24.18 lakh during 1997-98.
According to the prosecution, the schoolteacher had opened an account with the bank. The account was used by the duo for fraudulent transactions i.e., through remittance and clearance of demand drafts and other instruments over and above the balance available in the account. Following a complaint from the bank, the CBI registered cases against the duo.
A case of 120 B (conspiracy) read with 420 (Cheating), 468 (forging a document), 471 (using a forged document as genuine), 477 (falsification of records and accounts), 201 (destroying records) and 420 (Cheating) of Indian Penal code was filed against the bank employee besides Sections 13 (i) (d) and 13 (2) of the Prevention of Corruption Act.
A case of conspiracy read with cheating was registered against the schoolteacher. Special Public Prosecutor for CBI cases N. Sundaravadivelu appeared for the prosecution. The judge sentenced the bank employee to four years rigorous imprisonment and slapped on her a fine of Rs 2,07,000.
The court gave the schoolteacher two years rigorous imprisonment and also imposed on her a fine of Rs 50,000.