The Hon’ble Principal Special Court for CBI Cases in Chennai has sentenced E. Rajendran, a former Manager at Standard Chartered Bank, to four years of imprisonment along with a fine of ₹50,000 in a case related to possessing disproportionate assets. The court also ordered that he be taken into judicial custody immediately.
E. Rajendran had worked as Manager in the Agency Field & Collections, Card Field Collections Department of Standard Chartered Bank at Rajaji Salai, Chennai. The Central Bureau of Investigation (CBI) had registered a case against him on December 29, 2021, under charges of amassing wealth beyond his known sources of income during his tenure between April 1, 2020, and February 18, 2021.
According to the CBI, during this period, Rajendran had accumulated wealth and financial resources worth ₹30.68 lakh in his name, which was 93.65% more than what he could have legally earned. The investigation further revealed that the actual assets he held were valued at ₹28.07 lakh, which amounted to 145.86% more than his known income. He was unable to provide a satisfactory explanation for the source of these assets.
Following a detailed investigation, the CBI filed a charge sheet against him on June 3, 2023, in the Special CBI Court in Chennai. After examining all the evidence during the trial, the court found Rajendran guilty of corruption and unlawful enrichment.
The court’s verdict marks a significant step in tackling corruption and misuse of power by individuals holding positions of public responsibility.
