The Special Judge for CBI cases, Bhopal convicted all three accused persons, including then Senior Manager of Central Bank of India Vasant Pawse and proprietor of Rajdhani Constructions, on Tuesday and awarded the sentences under different sections.
According to prosecution, the CBI Bhopal Branch had registered a case under Sections 120-B, 420, 468 and 471 of the IPC and under Sections 13(2) and 13(1) (d) of the PC Act, 1988 on February 4, 2010, on the basis of a written complaint lodged by AK Jain, Regional Manager, Central Bank of India, Bhopal.
It was alleged by the complainant that during the period of 2007 to 2009, Vasant Pawse, the then Senior Manager, Central Bank of India, Arera Hills Branch, Bhopal with other persons entered into a criminal conspiracy in the matter of processing of housing loan and by abusing his official position, caused a wrongful loss of Rs113.66 lakh to the Bank.
After completion of investigation, a chargesheet under sections 120-B, 420, 468 and 471 of the IPC and under sections 13(2) and 13(1) (d) and under sections 19 of the PC Act, 1988 was filed on July 30, 2011 in the court of Special Judge for CBI Cases, Bhopal against Vasant Pawse, the then Sr Manager, Central Bank of India, Arera Hills Branch, Bhopal, Rajendra Prasad Tiwari (Private Person) and Brajesh Singh, proprietor of M/s Rajdhani Construction and Developers.
The Special Judge for CBI Cases sentenced all three accused for three years RI and fine of Rs10,000 in default of fine further RI of three month under section 120-B while Pawse and Brajesh Singh Yadav were furthers sentenced three years RI and fine of Rs10,000 in default of fine further RI of three months under section 420 and two years RI and fine of Rs10,000 in default of fine further RI of three months under section 471.