CBI Court Sentences Former Bank of India Branch Manager and Private Person to 7 Years Jail in ₹25 Lakh Fraud Case
The CBI Court in Bhopal has sentenced former Bank of India Senior Branch Manager Piyush Chaturvedi and a private person, Mohan Singh Solanki, to seven years of rigorous imprisonment in a bank fraud case. The court also imposed a total fine of ₹60,000 on both accused. The judgment was delivered on May 14, 2026.
According to the Central Bureau of Investigation (CBI), the case was registered on January 25, 2016, based on a written complaint filed by the then Deputy Zonal Manager of Bank of India, Zonal Office, Bhopal.
The CBI alleged that Piyush Chaturvedi, who was then working as Senior Branch Manager at Bank of India’s Misrod Branch in Bhopal, fraudulently sanctioned a term loan and cash credit limit of ₹30 lakh in the name of M/s R.J. Enterprises on November 26, 2013.
On the same day, ₹25 lakh was allegedly transferred fraudulently through an RTGS transaction from the account of M/s R.J. Enterprises using forged RTGS forms and fake vouchers. The money was transferred to the account of M/s Sanwariya Machine, which belonged to accused Mohan Singh Solanki.
The investigation found that both accused misappropriated the money as part of a criminal conspiracy. The fraud caused wrongful loss to the bank and wrongful gain to the accused persons.
After completing the investigation, the CBI filed a chargesheet against both accused before the competent court.
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