Union Bank Manager Noida Branch sent to 3 years Jail by CBI
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A special CBI court in Ghaziabad has sentenced two individuals, including a former bank manager of Union Bank of India and a private person, to rigorous imprisonment in connection with a bank fraud case.
The Special Judge for CBI Anti-Corruption cases sentenced Manoj Srivastava, the former Branch Manager of Union Bank of India’s SSI Branch, Noida, to three years of rigorous imprisonment along with a fine of ₹5 lakh. His co-accused, Raj Kumar Samanta, a private individual, was awarded four years of rigorous imprisonment and a fine of ₹10 lakh. In total, the court imposed a fine of ₹15 lakh on both accused.
The Central Bureau of Investigation (CBI) had registered the case on December 14, 2010, following allegations that Manoj Srivastava, while serving as branch manager, had fraudulently processed a loan for Raj Kumar Samanta. This resulted in a wrongful loss to the bank.
After a detailed investigation, the CBI filed a chargesheet against both accused on September 29, 2012. Following the trial, the court found both individuals guilty of criminal misconduct and cheating, and passed the sentencing order accordingly.
This judgment underscores the CBI’s continued crackdown on banking fraud and misconduct by public servants in collusion with private individuals.
