New Delhi, 16.12.2020
The Special Judge for CBI Cases, Madurai (Tamil Nadu) has sentenced Sh. Niyaz Khan @ Abdul Razack to undergo 7 years Rigorous Imprisonment with fine Rs. 35 lakh in a Bank fraud case.
CBI had registered the case on 19.04.2002 on a complaint from Canara Bank. It was alleged that the accused including a Senior Manager & other officials of Canara Bank, private persons in pursuance of criminal conspiracy presented 20 forged OSC cheques in CA-2653 for the total amount of Rs. 1,17,69,751/- and withdrew the amount in respect of 13 cheques. An alleged loss to the tune of Rs. 76.58 lakh (approx) was caused to Bank.
After investigation, a chargesheet was filed. Earlier the Special Judge for CBI Cases, Madurai had convicted three of the accused and sentenced them to undergo 7 years RI and fine of Rs. 35 lakh.
Since accused Niyaz Khan was absconding at that time, the case against him was split. After apprehending Sh. Niyaz Khan, he was made to face the trial leading to the present conviction.
