Face2News/Ahmedabad,
The Special Judge, for CBI Cases, Ahmedabad, Gujarat has sentenced two accused including Shri. Deepak L. Dave, then Branch Manager of SBI, Atladara Branch, Ahmedabad, Gujrat and Shri. Paresh Dave (private person), Partner of M/s. Gujarat Glass Co. to 10 years’ Rigorous Imprisonment (RI) with total fine of Rs. 6.41crore (Rs. 641.5 lakh) in a bank fraud case. Of the total fine, bulk of the fine amounting to Rs.6.4 crore was imposed on accused Paresh Dave while fine imposed on accused public servant Sh. Deepak L. Dave amounts to Rs.1.5 lakh.
CBI had registered a case on 04.06.1998 on the basis of the Complaint made by SBI against accused including Shri. Deepak L Dave, Sh.Paresh Dave and others. It was alleged that during the period 1995-96, accused while working as Branch Manager, SBI, Atladara Branch had entertained the request for working capital limits from M/s. Gujarat Glass Co. and M/s. Gujarat Graphic & Mirrors, Baroda and had sanctioned such limits. Accused, then Branch Manager entered conspiracy with other accused and committed offences of forgery of valuable securities and used forged documents as genuine and also abused his official position as Public Servant. The accused allegedly defrauded SBI totally to the tune of about Rs.5.99 crore (approx).
After investigation, charge sheet was filed on 29.11.2000 against accused including those convicted by the court in the case. The Court, after trial, found the accused guilty and sentenced them accordingly.
