PATNA: A special CBI court in Patna awarded five years rigorous imprisonment and a whopping fine of Rs 17.42 lakh on a former branch manager Indresh Mishra on Wednesday. He is presently in his early 60s was forwarded to jail after the sentence.
Special CBI public prosecutor (PP) Abhilash Kumar said that the special court judge Manoj Kumar Singh, in his judgement, said that out of the entire fine amount, Mishra would have to pay a simple interest of 6% on Rs 16.92 lakh effective from year 1991 when CBI lodged FIR in the case.
Kumar said during CBI investigation, it had surfaced that Mishra had embezzled Rs 16.92 lakh while serving at branch manager of Pratappur branch of Bhagalpur regional rural bank which does not exists anymore.
He said the fine to recover the embezzled amount with interest was slapped under Prevention of Corruption Act, 1988.
“The interest would be calculated till date Mishra deposits the embezzled amount,” Kumar said adding rest Rs 50,000 was fine imposed under five different sections of Indian Penal Code (IPC).
He said the embezzlement took place between year 1988 and 1991 during which Mishra fraudulently withdrew money from fixed deposits of customers.
“He also used to sign vouchers and withdraw money from saving accounts of several customers. Mishra also forged documents to disburse loan on name of farmers,” Kumar said adding all these money were later transferred to five different bank accounts opened on name of fictitious people by Mishra.
The special PP said Mishra later used to withdraw the money from the fake bank accounts.