Four years rigorous imprisonment with fine to proprietor of private firm in bank fraud case

New Delhi/Jalandhar, January 30, 2014: The Special Judge for CBI cases, Mumbai has convicted Sajida Jabeen Sheezan @ Sajida Hussain, Proprietor of a private firm and sentenced her to undergo four years Rigorous Imprisonment with fine of Rs. Ten Lakh in a Bank fraud case.

CBI had registered the case after conversion of the Preliminary Enquiry (PE) for an alleged loss of Rs.1,31,47,885 (approx) to the Central Bank of India, Andheri(E) Branch, Mumbai. The case was registered against then AGM; then Chief Manager, both of Central Bank of India and Sajida Jabeen Sheezan @ Sajida Hussain, Proprietor of  M/s. Amafh Fashions  on the allegations that the packing credit facility of Rs.82 lakh was recommended & disbursed to M/s. Amafh Fashions and was further enhanced to Rs.18 lakh without fully ensuring compliance of the terms & conditions of the sanction. As a result, the Central Bank of India, Andheri(E) Branch, Mumbai suffered a loss of Rs.1,31,47,885(approx).

After thorough investigation, a charge-sheet was filed by the CBI against the then Chief Manager of Bank and said Proprietor of private firm U/s 120-B r/w 420 IPC and 13(2) r/w 13(1)(d) of PC Act on December 29, 2000.

The Trial Court found the proprietor of firm guilty and acquitted the then Chief Manager of Bank.//new delhi news,  New delhi current news,  New delhi news live, New delhi breaking news, New delhi headlines, New delhi latest news, india news, world news,

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