A senior official from the Central Bureau of Investigation (CBI) in Lucknow reported that several bank employees have been convicted in cases of bank frauds. They have been sentenced to rigorous imprisonment ranging from three to seven years and lacs of rupees fine has been imposed on them.
According to a press release by CBI officials, the special judge handling CBI cases in Lucknow pronounced the verdict. Radha Raman Bajpai, a former officer of Allahabad Bank, was sentenced to seven years of rigorous imprisonment and fined ₹2 lakh in connection with a bank fraud amounting to ₹22.70 crore. Rikesh Kumar Shukla received a five-year rigorous imprisonment sentence and a fine of ₹1.5 lakh in the same case.
In addition, Gopi Nath Tandon, a former special assistant of Allahabad Bank, along with Sanjay Somani and Deepak Somani, were each sentenced to three years of rigorous imprisonment and fined ₹1 lakh.
- Radha Raman Bajpai, a former Allahabad Bank officer, was sentenced to 7 years in prison and fined ₹2 lakh.
- Rikesh Kumar Shukla was sentenced to 5 years in prison and fined ₹1.5 lakh.
- Gopi Nath Tandon (former Allahabad Bank special assistant), Sanjay Somani, and Deepak Somani were each sentenced to 3 years in prison and fined ₹1 lakh.
Providing further details, a CBI official stated that the investigation began on April 29, 1994, when a case was registered against Sanjay Somani and others. They were accused of conspiring to defraud Allahabad Bank’s Pheelkhana Branch in Kanpur between March 27, 1992, and January 16, 1994, resulting in wrongful loss to the bank and corresponding gain for themselves. The chargesheet was filed by the CBI on May 29, 1998, and after a trial, the court found all five accused guilty and sentenced them accordingly.
The accused Sanjay Somani conspired with others and fraudulently obtained Rs 22 crore 70 lakh from Allahabad Bank located at Pheelkhana, Kanpur between 27 March 1992 and 16 January 1994. The entire amount was embezzled. After investigation, CBI filed a charge sheet against the accused in the court on 29 May 1998.
