The Special Judge for CBI Cases Bhopal has convicted Vasant Pavase, the then Senior Manager, Central Bank of India, Arera Hills Branch, Bhopal; Brajesh Singh Yadav Proprietor of Rajdhani Construction and Developers and a private person Rajendra Prasad Tiwari and sentenced them for three years of rigorous Imprisonment.
CBI had registered a case under sections 120-B r/w 420, 468 & 471 of IPC and under sections 13 (2) r/w 13 (1) (d) of PC Act, 1988 on February 04, 2010 following a complaint from Central Bank of India, Bhopal. It was alleged that during the period from 2007 to 2009, Pawse with other persons entered into a criminal conspiracy in the processing of Housing loan and caused a loss of approximately Rs 113.66 lakh to the Bank.
After completion of investigation, a chargesheet under sections 120-B r/w 420, 468 & 471 of IPC & U/s 13(2) r/w 13(1) (d) and under sections 19 of PC Act, 1988 was filed on July 30, 2011 in the Court of Special Judge for CBI Cases, Bhopal against Pawse, Tiwari and Singh.
The Trial Court found the accused guilty and convicted them.
Notably, CBI Bhopal Branch registered a case on the basis of written complaint lodged by Regional Manager, Central Bank of India Bhopal AK Jain. After completion of investigation, a chargesheet was filed in the Court of Special Judge for CBI Cases Bhopal against the trio. The Special Judge for CBI Cases, Bhopal convicted all three accused persons on Monday and awarded three years’ sentence.