CBI court sentences bank officer to one-year RI in Chennai

4 Aug 14

The offiver forged signatures and misappropriated funds entrusted to him by crediting the money in the fake accounts and withdrawing the proceeds.

The CBI court on Wednesday sentenced a State Bank of India officer to a year’s rigorous imprisonment in a fraud case.

The anti-corruption branch of CBI, Chennai, registered a case against M. Murugappan, clerk-cum-typist at State Bank of India, Ambattur Industrial Estate branch, alleging he had cheated the bank by opening savings accounts in his relative’s names without their knowledge, during 1993-97.

He forged signatures and misappropriated funds entrusted to him by crediting the money in the fake accounts and withdrawing the proceeds.

He also destroyed evidence gathered against him. This resulted in the bank losing over Rs. 31 lakh.

Following trial, E.M.K. Siddharthar, XI additional special judge for CBI cases, convicted Murugappan and slapped a fine of Rs. 40,000 on him.