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CBI Court convicts former Oriental Bank Manager & others

By TIOL News Service

CHENNAI, MAR 26, 2017: THE CBI Court has convicted a former Bank Manager of Oriental Bank of Commerce, Yelahanka Branch, Bangalore and four others in a CBI case.

The Anti Corruption Branch of CBI, Chennai has investigated a case against Mr K Sanjeeva Shetty, then Branch Manager, Oriental Bank of Commerce, Yelahanka Branch, Bangalore, Mr Shabir Ahmed, Asst Commandant, Karnataka State Reserve Police and other private persons viz. S/Mr S A Ravi, Abid Khan, T Hemanth Alva, Kishore, S Anthoni Doss and Abdul Jabbar.

The allegation was that  during the year 2000, the accused persons had entered into a criminal conspiracy and made an attempt to defraud Oriental Bank of Commerce, Overseas Branch, Chennai to the tune of Rs 9,70,90,000/- with fictitious transfer payment order. With forged signatures of the officials of OBC, Yelahanka New Town Branch, Bangalore the said transfer payment order was sent to OBC Overseas Branch, Chennai against fictitious import shipping bills of M/s Stan Plus Holdings, Malaysia through BSN Commercial Bank, Malaysia. The bills were for the shipment of Kamino machines with accessories for the equivalent value of USD 2221900 in favour of M/s The West Pavillion, Hunasanarahalli, Near NVIT, Devanhalli Road, Bangalore. 


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