The Additional Judge, CBI Cases, Hyderabad has today sentenced Shri Praveen Singh, then Branch Manager, State Bank of India, Research Centre Imarath Branch, Vigyanakancha Post, Maheswaram Mandal, Ranga Reddy District (Telangana) to undergo Seven years Rigorous Imprisonment with fine of Rs. 2,00,000/-.
CBI had registered a case on 26.04.2010 against Shri Praveen Singh, Branch Manager, State Bank of India, Research Centre Imarath Branch, Vigyanakancha on the allegations that accused entered into conspiracy with unknown persons to cheat SBI in the matter of pre-maturely cancelling Special Term Deposit Receipts (STDRs); embezzling the funds to his own accounts & also into the accounts opened in the fictitious names and misappropriated a sum of Rs. 4,03,10,958/- (approx.) The State Bank of India suffered the said loss. After investigation, CBI filed chargesheet on 31.03.2011 against the accused.
The Trial Court found the accused guilty and convicted him.
Picture Source :
