In a bank fraud case, the Special Judicial Magistrate for CBI cases at Panchkula, Haryana, has sentenced three private individuals—Sugendhra, Sandeep Jain, and Kundan Gupta—to one year in prison each, along with a total fine of Rs. 15,000.
The Central Bureau of Investigation (CBI) had registered the case on March 18, 2019, based on a complaint from Syndicate Bank in Gurgaon. The complaint accused Subhash Chand, the proprietor of M/s S.C. Enterprises, and others of using false and fabricated documents to obtain an overdraft (ODH) facility from the bank. The loan account, with an outstanding amount of Rs. 527.29 lakh, was declared as fraudulent on November 29, 2017.
Subhash Chand, the main accused in the case, passed away during the investigation on April 10, 2020. After completing their investigation, the CBI filed a chargesheet on March 24, 2022, naming the convicted individuals among others.
After a trial, the court found the accused guilty and sentenced them to prison terms accordingly.
