CBI Court Sentences Central Bank of India Officials to Jail in Rs 24.54 Lakh Loan Fraud Case

The CBI Court in Pune has sentenced two former officials of the Central Bank of India to three years of rigorous imprisonment in a bank fraud case. The judgment was delivered on 3 January 2026, according to a press release issued by the Central Bureau of Investigation (CBI) on 4 January 2026.

The convicted officials are Nandkishore Khairnar, the then Manager of Central Bank of India, Pimpri Branch, Pune, and Ravi Bhushan Prasad, the then Assistant Manager of the same branch. Both have been sentenced to three years of rigorous imprisonment and fined ₹75,000 each.

In the same case, Smt. Priyanka Prashant Vispute, who was a co-borrower, has been sentenced to two years of rigorous imprisonment along with a fine of ₹25,000.

The CBI had registered this case on 17 February 2016. The accused included Rakesh Jaiswal, the then Assistant General Manager (AGM) of Central Bank of India, along with several borrowers — Dhiraj Ghanshamdas Chachlani, Karan Rohit Gulati, Rajesh Shishupal Pangal, Prashant Laxman Vispute, Priyanka Prashant Vispute, Pramod Gopalrao Patil, Gopal Daulatrao Patil, Shrinath Sudhakar Chabukswar, and Sudhakar Tukaram Chabukswar.

After investigation, the CBI filed six charge sheets related to different conspiracies.

In Special Case No. 21/2018, the charge was that Rakesh Jaiswal (then AGM), Nandkishore Khairnar (then Manager), Ravi Bhushan Prasad (then Assistant Manager), and borrowers Prashant Laxman Vispute and Priyanka Prashant Vispute entered into a criminal conspiracy. They allegedly sanctioned a housing loan of ₹18.75 lakh using forged documents.

Due to this fraudulent act, the Central Bank of India, Pimpri Branch, suffered a financial loss of ₹24.54 lakh, as per the CBI.

During the trial, Rakesh Jaiswal (AGM) and Prashant Laxman Vispute (borrower) passed away, following which the charges against them were dropped.

After completing the trial, the court convicted and sentenced the remaining three accused, namely Nandkishore Khairnar, Ravi Bhushan Prasad, and Priyanka Prashant Vispute, accordingly.