Union Bank Manager in Noida Sentenced to 4 Years Jail in Bank Fraud Case

A CBI court in Ghaziabad on Saturday sentenced Manoj Srivastava, Branch Manager of Union Bank of India’s SSI Branch in Noida, to four years imprisonment along with a fine of ₹30,000 in connection with a bank fraud case.

According to the CBI, Srivastava, while serving as Branch Manager between May 2007 and June 2009, abused his official position and conspired with others to sanction a loan of ₹40 lakh to Rajeev Buddhiraja, proprietor of M/s Bharti Associates, on the basis of fake and forged documents. This caused wrongful loss to the bank.

The case was registered by the CBI in December 2010, and a charge sheet was filed in September 2012 against Srivastava, Anil Kumar Govil (Accountant, Union Bank of India), and Buddhiraja. Charges were formally framed by the court in July 2017.

On August 22, 2025, Srivastava filed an application to plead guilty before the CBI Special Court in Ghaziabad, admitting to his role in the fraud. Accepting his plea, the court convicted him and delivered the sentence on Saturday.