Ahmedabad: The Special Judge for CBI Cases, Court No. 06, Ahmedabad, has sentenced three individuals, including a former bank manager, to three years of rigorous imprisonment in connection with a bank fraud case. The court also imposed a total fine of ₹3.8 lakh on the accused.
The convicted individuals include Shri Shishir Kumar, then Branch Manager of Dena Bank’s Silvassa branch, and two private individuals, Shri Babu Jayesh Singh Ganeshsingh Thakur and Shri Sumabbhai Bhailalbhai Sheikh.
Dena Bank was a government-owned bank that in 2019 merged with Bank of Baroda.
The Central Bureau of Investigation (CBI) registered the case on June 1, 2005, against Shri Shishir Kumar and Shri Babu Jayesh Singh Thakur, proprietor of M/s Sumanbhai Bhailalbhai & Co, along with the firm itself. The investigation revealed that during 2002-2003, Shri Shishir Kumar, in his capacity as Branch Manager of Dena Bank, Amli Branch, Silvassa, conspired with the other accused to perpetrate a fraud involving forged bank guarantees.
The accused were found to have forged fake bank guarantees purportedly issued in favor of Hindustan Petroleum Corporation Limited (HPCL) and Bharat Petroleum Corporation Limited (BPCL). These fake documents were used as genuine, with Shri Shishir Kumar allegedly misusing his official position to affix the bank’s seal for the forgeries. This fraudulent activity caused a wrongful loss of ₹1.93 crore to the government exchequer.
Following the completion of the investigation, the CBI filed a chargesheet against the accused on July 26, 2006. The accused faced trial for criminal conspiracy, cheating, forgery, forgery of valuable security, and criminal misconduct.
After a detailed trial, the court found the accused guilty and sentenced them to three years’ rigorous imprisonment along with the fines.
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