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Thursday, May 23, 2013

Former Chairman & M.D of Indian Bank, M. Gopalakrishnan (77)sentenced to one year’s rigorous imprisonment (RI) -Wednesday May 22,2013


A Principal Special Judge for CBI cases on Wednesday May 22,2013 sentenced the former Chairman and Managing Director of the nationalised Indian Bank, M. Gopalakrishnan (77), to one year’s rigorous imprisonment (RI) and slapped a fine of Rs.1.50 lakh on him in a case relating to causing loss to the bank to the tune of Rs.3.26 crore. 

The Judge, S.Malathi, also awarded one year RI to the then Zonal Manager of the bank, A.V.Shanmugasundaram, and two years RI to the Managing Director of a private construction company, S.Dhanasingh, in the case. A total fine of Rs. three lakh was imposed on the two. 

The Judge suspended the jail terms for a month to enable the convicted persons to file appeals. 

Note

This is the third case in which M. Gopalakrishnan, against whom 20 cases were registered by the CBI in the mid-1990s, is being convicted in a corruption case.

 In April 2009, M. Gopalakrishnan was sentenced to undergo 14 years’ rigorous imprisonment by a special CBI court in Chennai(awarded two seven-year terms to run one after another)He is out on bail pending appeal.

Four cases were investigated by Anti-Corruption Branch, the others are with the Economic Offences Wing (EOW) and the Bank Security and Fraud Cell (BSFC). All the cases are charge-sheeted and pending trial

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