The CBI Court in Coimbatore today (18 November 2025) convicted a private individual, S. Ramesh, in a bank fraud case. The Court sentenced him to seven years of rigorous imprisonment (RI) and imposed a fine of ₹15,000.
The Central Bureau of Investigation (CBI) had registered the case on 4 October 2007 after receiving a complaint from the Deputy General Manager of the State Bank of India (SBI), Commercial Branch, Coimbatore. The complaint was filed against two private individuals—P.M. Sundaram and S. Ramesh.
According to the complaint, P.M. Sundaram, the Chairman and Managing Director (CMD) of M/s Fashion Synccotex Pvt. Ltd., Coimbatore, submitted fake and fabricated title deeds to SBI during the years 1999 to 2001. Using these false documents, he dishonestly and fraudulently obtained credit facilities worth ₹8.53 crore from the bank.
Because of these fraudulent actions, SBI suffered a wrongful loss of ₹9.39 crore, while the accused gained financially. During the investigation, CBI also found the involvement of another private person, Mr. Natarajan. After completing the investigation, the CBI filed a charge sheet on 22 December 2008 against all three accused—P.M. Sundaram, S. Ramesh, and Natarajan.
After the trial, the Court delivered its judgment on 18 November 2025, convicting S. Ramesh. The other two accused, P.M. Sundaram and Natarajan, passed away during the trial, and therefore, the charges against them were dropped.
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