The CBI court in Madurai has sentenced five doctors and two others to undergo 10 years of rigorous imprisonment for their involvement in a fraud to the tune of ₹1.5 crore.
The Second Additional District Judge for CBI cases S.Ganesan on Monday sentenced the five doctors, a medical equipment supplier and a former bank manager, the key accused in the case, to undergo 10 years of rigorous imprisonment and imposed a fine of ₹25,000 each on the accused.
The doctors in 2008 had colluded with a medical equipment supplier and a bank manager to commit the fraud. They had obtained loans from Corporation Bank here under the ‘Corp Meditech Scheme’ to purchase medical equipment. Fake documents, invoices, delivery and installation reports were furnished with the help of suppliers and the bank manager to show procurement of the equipment which were never purchased. The doctors obtained the loan and defaulted in repaying the amount.
The former manager of Corporation Bank’s West Masi Street Branch, Kumar, was named as the key accused in the case.
Doctors Rajavelu, C.R. Subramanian, Jalal Jawahar, Sundararajan and Bhanumathi were sentenced along with medical equipment supplier Shanmugavel in the case. The case was registered based on a complaint by the Deputy General Manager of the Corporation Bank.
