Tamil Nadu: 6 including manager get varying jail terms in bank fraud case

Madurai: A CBI special court here on Friday awarded seven year rigorous imprisonment to four persons including a bank manager in a cheating case. The court also awarded five-year imprisonment for two others persons in this case. The prosecution case was that five persons from Mela Masi street in Madurai had obtained a loan for Rs 26.83 lakh for doing textile business by allegedly submitting fake documents to the nationalised PNB here in 2003. One Selvaraj, the bank's Madurai branch manager then was also allegedly involved in the crime.

The CBI court, on hearing the case, awarded a seven-year term for Selvaraj, Gnaneswaran, Madanlal and Sarngan, and slammed a fine of Rs 50,000 on each. Two others charged in the case- Gnaneswaran and Ramamurthy- were sentenced to five years plus a fine of Rs 35,000 each.