Bank’s ex-chief manager, three others get RI for ₹6cr fraud - The Times Of India
TIMES NEWS NETWORK
Chennai:02.10.2020
The special judge for CBI cases, Chennai, on Tuesday sentenced R Kannan, former chief manager of Union Bank of India’s Anna Salai branch, to undergo three years rigorous imprisonment with a fine of ₹2 lakh in a bank fraud case.
The other accused in the fraud involving National Medicines Private Ltd was Parvathi Ramakrishnan, former manager of Standard Chartered Bank in Chennai, who was sentenced to three years rigorous imprisonment with a fine of ₹1 lakh. Anurag Jain, former director of National Medicines Private Limited, was sentenced to five years rigorous imprisonment with a fine of ₹4 lakh and another former director of the firm, K Manjula, was sentenced to three years rigorous imprisonment with ₹1lakh fire. The CBI registered the case on allegations that between 2006 and 2007, the directors of the city firm conspired with Kannan and Parvathi with an intention to cheat Union Bank of India. The bank suffered a loss of ₹6.2 crore.
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