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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