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Fifteen folks, together with a former department supervisor of the State Financial institution of Saurashtra in Ahmedabad, have been sentenced to imprisonment for a interval starting from three to 5 years with a collective wonderful of Rs 15.35 lakh in a Rs 1.62 crore financial institution fraud case.
The Particular Decide for CBI circumstances, Courtroom No 1 Ahmedabad, sentenced the fifteen accused, together with Bechar Ganesh Zala, former department supervisor of State Financial institution of Saurashtra, Naroda Highway Department, Ahmedabad, amongst others.
Fourteen others who’ve been convicted are Raghvendra Okay Rajgore; Mukesh Natwar Brahmbhatt; Amit Ajit Vyas; Rajendra Natwarlal Brahmbhatt; Chetan Jagdish Bhatt; Karan Vikram Mahida; Rajesh Arvind Patel; Mahesh Murlidhar Sabnani; Chinmay Girishchandra Trivedi; Jayesh Shyamlal Aswani; Rajnikant Chotelal Upadhayaya; Nilesh Sureshchandra Shah; Vimal Okay. Mehta and Hemendra L.
The CBI had registered the case on September 11, 2001, towards the accused on allegations that accused BG Zala, then Department Supervisor, had entered right into a felony conspiracy with aforesaid accused non-public individuals and others with the purpose to cheat the State Financial institution of Saurashtra, Naroda Highway Department, by abusing his official place as public servant within the matter of public housing finance by sanctioning housing finance of Rs.1.62 crore on the idea of solid paperwork submitted by a number of debtors.
An announcement from the CBI on Saturday mentioned that the accused BG Zala, in pursuance of the mentioned felony conspiracy, fraudulently and dishonestly didn’t confirm the mortgage eligibility of the mentioned debtors and by abusing his official place as a public servant, sanctioned the housing mortgage to the debtors.
After the completion of the investigation, CBI filed 9 separate chargesheets on varied dates towards the accused, together with these convicted.
Of the 9 particular circumstances, judgment on 5 circumstances has been pronounced.
The costs towards 9 accused have been abated as they died throughout the trial. After trial, the court docket discovered 15 folks responsible and sentenced them accordingly.
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