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CBI court convicts Silvassa bank manager, two others in fraud case worth Rs 1.93 crore

In the complaint, it was alleged that in 2002-2003, Shrivastava entered into a criminal conspiracy with the other accused by preparing forged or fake bank guarantees in favour of two PSUs.

The caller claimed that Adil’s bank accounts and other personal details were recovered during a probe into the money laundering case registered against politician Nawab Malik

The special judge of the CBI court in Ahmedabad has convicted Dena Bank manager of Silvassa branch in the Union Territory of Dadra and Nagar Haveli along with two others for their involvement in a bank fraud case of Rs. 1.93 crore, sentencing them to three years of rigorous imprisonment besides imposing a fine of Rs 3.8 lakh.

The convicts have been identified as Shishir Kumar Shrivastava, then Manager of Dena Bank’s Silvassa branch, and two private persons namely, Babu Jayesh Singh Ganeshsingh Thakur and Sumabbhai Bhailalbhai Sheikh.

The Central Bureau of Investigation (CBI) had registered an offence against the trio on June 1, 2005.

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In the complaint, it was alleged that in 2002-2003, Shrivastava entered into a criminal conspiracy with the other accused by preparing forged or fake bank guarantees in favour of two PSUs. It was alleged that he presented the document as genuine and, by misusing his official position, used the Dena Bank seal of the Amli Branch of the bank for the said forgery. Overall, he caused the bank wrongful loss to the tune of Rs 1,93,59,500, it was alleged.

After completion of investigation, CBI filed the chargesheet in the case in July 2006. The accused persons faced trial for the offences of criminal conspiracy, cheating, forgery, forgery of valuable security, forgery for the purpose of cheating, and using forged documents as genuine along with criminal misconduct.

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