The Special Judge for Central Bureau of Investigation (CBI) cases, Bhopal has convicted the then Branch Manager Kamlesh Kumar Chorasia, the then Assistant Manager (Credit), Vasant Pavase both working in Central Bank of India, Arera Hills Branch, Bhopal, Proprietor of Rajdhani Construction and Developers Brajesh Singh Yadav and a private person Rajendra Prasad Tiwari and sentenced them to undergo three years Rigorous Imprisonment.
CBI had registered a case under sections 120-B r/w 420, 468 and 471 of Indian penal Code (IPC) and under sections 13(2) r/w 13(1) (d) of PC Act, 1988 on February 4, 2010 on a complaint from Central Bank of India, Bhopal. It was alleged that during the period 2007 to 2009, Kamlesh Kumar Chorasia and Vasant Pavase, both working in Central Bank of India, Arera Hills Branch, Bhopal with other persons entered into a criminal conspiracy in the processing of Housing loan and caused a loss of `113.66 lakh (approx) to the Bank.
After completion of investigation, a chargesheet under sections 120-B r/w 420, 468 and 471 of IPC and under sections 13(2) r/w 13(1) (d) and U/s 19 of PC Act, 1988 was filed on July 30, 2011 in the Court of Special Judge for CBI Cases, Bhopal against Chorasia, Pawse, Tiwari and Yadav. The trial court found the accused guilty and convicted them.