The Hon’ble Special Judge, CBI Anti-Corruption, Ghaziabad has sentenced two accused including Manoj Srivastava, then Branch Manager of Union Bank of India, SSI Branch, Noida and Raj Kumar Samanta, (Pvt. Person) to 3-4 years’ Rigorous Imprisonment (RI) with total fine of Rs15 lakh in bank fraud case.
FinTech BizNews Service
Mumbai, May 17, 2025: CBI Court has sentenced two accused including then Branch Manager of Union Bank of India, SSI Branch, Noida and a Pvt. Person to 3-4 years’ Rigorous Imprisonment (RI) with total fine of Rs15 lakh in a bank fraud case, as per a press release issued by the CBI.
The Hon’ble Special Judge, CBI Anti-Corruption, Ghaziabad has sentenced two accused including Manoj Srivastava, then Branch Manager of Union Bank of India, SSI Branch, Noida and Raj Kumar Samanta, (Pvt. Person) to 3-4 years’ Rigorous Imprisonment (RI) with total fine of Rs15 lakh in bank fraud case.
Accused public servant Shri Manoj Srivastava, was sentenced to 3 years’ RI with fine of Rs5 lakh while accused private person namely Raj Kumar Samanta was sentenced to 4 years’ RI with fine of Rs10 lakh.
CBI had registered the instant case on 14.12.2010 against the said then Branch Manager and others on the allegations that accused Manoj Srivastava, then Branch Manager of Union Bank of India had fraudulently processed the Bank Loan of accused Raj Kumar Samanta and caused wrongful loss to the Bank.
After completion of investigation, a chargesheet was filed by CBI on 29.09.2012 against both the accused.
After trial, the Court found accused guilty and sentenced them accordingly.
