One year rigorous imprisonment with fine to then Advisor of ASCARD Bank;

Two then deputy managers and two partners of private firm in CBI case

New Delhi/Jalandhar, August 27, 2013: The Special Judge, CBI Cases, Guwahati (Assam) has convicted Imran Shah, then Advisor of  Assam State Cooperative Agricultural & Rural Development Bank (ASCARD Bank); Khireswar Saikia & Pahar Khan, both then Dy. Managers of ASCARD Bank and   Monoj Kumar Prithani and Sanjeev Kumar Prithani, both Partners of M/s  Brahmaputra Consortium, for the offences U/s 120B, 420 IPC and sentenced them to undergo one year Rigorous Imprisonment  with fine of Rs. 10,000 in two cases for causing loss of Rs.96,924 (approx) to ASCARD Bank. 

Both the cases were registered on February 8, 2001 by CBI on transfer of investigation of Paltan Bazar Police Station Case FIR No. 199/98 and 202/98 in pursuance to the notification by the Government of Assam and Government of India.  On completion of investigation, CBI filed a Charge Sheet on January 7, 2004 U/s 120B, 409 IPC and Section 13(2) R/w Sec. 13(1)(C) of Prevention of Corruption Act  in the court of Special Judge, CBI, Guwahati (Assam). It was alleged that the accused persons had caused loss of Rs. 96,924 (approx) to the ASCARD Bank by making excess payment to M/s Bhramputra Consortium in the award of contract for boring  the deep tube well in Bank’s new building during 1995-1996.

The Trial Court found the accused persons guilty and convicted them.