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New Delhi: Four convicted for fraud

  •   Thu, Aug 25 2011 09:57:13 PM

New Delhi, Aug 25 (IANS) Four people, including a former assistant general manager of Canara Bank, were sentenced to three years of imprisonment by a CBI court in Bangalore for fraud and causing a loss of Rs.1.74 crore to the public-sector bank, an official said here Thursday.

According to a spokesperson of the Central Bureau of Investigation (CBI), L.S. Dinamani, while working at Canara Bank, Mysore had entered into criminal conspiracy with the other people during 2003-06 in the matter of sanction and disbursal of loans using fabricated documents.

"A loss of Rs.174.44 lakh was caused to Canara Bank," the official added.

  

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