Two years of simple imprisonment has been given to a former banker under the Prevention of Corruption Act, 1988, and imposed a fine of Rs. 13,000 by a special court of Central Bureau of Investigations (CBI)
Special CBI Judge B.M. Angadi pronounced the verdict against S.Murali, the then Branch Manager at city’s Indira Nagar branch of the Syndicate Bank.
A charge sheet has been filled by the CBI against Murali and three others under sections 120-B r/w 420, 468 471 IPC and Sec. 13(2) r/w 13(1) (d) of the Prevention of Corruption Act, 1988.
The allegations as per the charge sheet were that Murali, while working in Syndicate Bank in 1993, had entered into criminal conspiracy with the other accused in clearing cheques issued / drawn by them without sufficient funds in their account, and enabled them to get their property out of mortgage from nationalized banks.
The accused persons caused a loss of about Rs.40 lakh to the Syndicate Bank.
The trial court found Murali guilty and convicted him. The court acquitted one private person while other two died during trial.
