MUMBAI: In a rare instance, while acquitting a senior manager of Bank of India who was accused of corruption and a criminal breach of trust, a special CBI court on Wednesday directed the bank's competent authority to take disciplinary action against the complainant in the case and the then branch head, Stock Exchange Branch. During the course of the trial, the court found that certain aspects connected to him were not probed.
Special public prosecutor Jitendra Kumar Sharma cited the evidence of four witnesses and cited various documents to seek the conviction of the accused.
In 2009, the CBI, EOW, Mumbai, registered a case under sections of the Indian Penal Code and Prevention of Corruption Act on a written complaint lodged by senior bank official R Sukumaran Nair. While the court acquitted then senior manager Shrikant Shanbag, it found the alleged beneficiaries of the conspiracy, Sunil Mansinghani and Kanchan Sunil Mansinghani, directors of M/s Sunchan Securities Ltd, guilty.
Sunil was sentenced to six months rigorous imprisonment and fined Rs 3 lakh. The court sentenced Kanchan to three months imprisonment and fined her Rs 1 lakh. The court, however, said, "But, benefit of Section 4 of Probation of Offenders Act is given to her...she is to be released on entering into a bond of Rs 25,000 and to appear and receive sentence when called upon for a period of six months and in the meantime to keep the peace and be of good behaviors," the court said.
Armed with a degree in political science and law, Rebecca Samerve...
Read MoreArmed with a degree in political science and law, Rebecca Samervel waltzed into journalism after a brief stint in modeling. As a reporter at The Times of India, Mumbai, she covers courts. She is a self-confessed food-a-holic. Travelling, politics and television are her passions. If you want to find her during the week the only place to look is the Bombay high court.
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