News: Ex-CMD of Indian Bank, 2 other employees convicted in cheating case

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Ex-CMD of Indian Bank, 2 other employees convicted in cheating case

A Central Bureau of Investigation (CBI) court on Wednesday convicted former chairman and managing director of Indian Bank M. Gopalakrishnan and two others in an 18-year-old cheating case, causing Rs.3 crore ‘wrongful loss’ to the bank and sentenced him and another person to one year rigorous imprisonment, PTI said.

A Central Bureau of Investigation (CBI) court on Wednesday convicted former chairman and managing director of Indian Bank M. Gopalakrishnan and two others in an 18-year-old cheating case, causing Rs.3 crore ‘wrongful loss’ to the bank and sentenced him and another person to one year rigorous imprisonment, PTI said.

CBI’s Anti-Corruption Bureau in 1996 had registered a case against Gopalakrishnan, then CMD of Indian Bank, A.V. Shanmugasundaram, its zonal manager, K. Sundaramurthy, chief manager of its Alwarpet branch, S. Dhanasingh,managing director of city based Akilam Constructions Pvt., and K. Anandan Pillai proprietor of Allengar Foundations, Chennai and Akilam Construction.

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