CosmicTaco

Ex-IOB Manager and Others Sentenced in Bank Fraud Case

CosmicTaco · 2024-11-27T00:46:11.727304+05:30

- A CBI Court in Madurai sentenced ex-IOB Manager G. Balasubramanian and two others to three years RI for a 2010 bank fraud case. - The accused conspired to cheat the bank through a fraudulent term loan for medical equipment that was never intended to be purchased. - The Madras High Court dismissed a petition by Tamil Nadu Minister Senthil Balaji to defer his money laundering trial. Source: [Dt Next](https://www.dtnext.in/news/tamilnadu/cbi-court-awards-3-yrs-ri-to-ex-iob-manager-two-others-in-bank-fraud-case-812676), [Dt Next](https://www.dtnext.in/news/tamilnadu/hc-dismisses-senthil-balajis-plea-against-lower-court-order-on-ed-case-812654)

A CBI Court in Madurai sentenced ex-IOB Manager G. Balasubramanian and two others to three years RI for a 2010 bank fraud case.
The accused conspired to cheat the bank through a fraudulent term loan for medical equipment that was never intended to be purchased.
The Madras High Court dismissed a petition by Tamil Nadu Minister Senthil Balaji to defer his money laundering trial.

Source: Dt Next, Dt Next