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Ghaziabad, Nov 21 (IANS) A special CBI court here on Friday convicted the then Noida branch manager of Union Bank of India in a Rs 40 lakh loan fraud case and sentenced him to more than four years imprisonment and Rs 30,000 fine.
A CBI official said that branch manager Manoj Srivastava was accused of sanctioning a bank loan of Rs 40 lakh to an applicant on the basis of fake documents.
The Central Bureau of Investigation (CBI) had registered a case on December 14, 2010.
During May 2007 to June 2009, Srivastava misused his official position as a public servant, entered into a criminal conspiracy with Kaushal Kishore Sharma, owner of Surendra Electricals, and Surendra Kumar Shukla, a private individual, and sanctioned Rs 40 lakh on November 15, 2008, on the basis of fake and forged documents, causing wrongful loss to the lender bank.
CBI filed charge sheet against Srivastava, Sharma and Shukla on 29 September 2012. On August 9, 2019, the Special Court had framed charges against Manoj Srivastava.
Srivastava filed an application for permission to plead guilty on August 22, 2025 and the court accepted the plea and sentenced him accordingly on Friday.
In a separate case, a special CBI court sentenced a loan applicant to over three years imprisonment in a Rs 1.17 crore bank fraud case, an official said.
The special court convicted Kapil Kumar and sentenced him to three years, seven months and 10 days’ imprisonment and a fine of Rs 50,000.
The Central Bureau of Investigation (CBI) had registered the case on September 13, 2017, accusing Kapil Kumar of applying for a loan without complete documents and hatching a criminal conspiracy with co-accused to get a loan of Rs 99 lakh sanctioned in the name of himself and his wife, co-accused Manisha Devi.
Both of them took loan to buy a plot on the basis of fake documents, withdrew Rs 96 lakh from the account and misused the loan amount contrary to the terms and conditions of the loan.
Thus, accused Kapil Kumar, in connivance with other accused, defrauded Canara Bank (erstwhile Syndicate Bank), Ghaziabad and caused wrongful loss to the bank to the tune of Rs 1.17 crore, the CBI said.
The CBI filed the charge sheet in the case against Kapil Kumar and other public and private persons on December 23, 2021.
On July 18, 2025, the court had framed charges against Kapil Kumar. Accused Kapil Kumar had accepted his crime and filed a plea of guilty in the court on 12th November.
The special judge on Friday accepted the “confession” application and convicted Kapil Kumar and sentenced him accordingly.
–IANS
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