In a bank fraud case, the CBI Court in Bhopal convicted two defendants, Mohan Singh Solanki (a private individual) and Piyush Chaturvedi (then Senior Branch Manager, Bank of India, Misrod Branch, Bhopal), to seven years of rigorous imprisonment (RI) and a fine of Rs. 60,000.
Based on a written complaint submitted by the then-Dy. Zonal Manager, Bank of India, Zonal Office, Bhopal, the Central Bureau of Investigation (CBI) registered the case on January 25, 2016. On November 21, 2013, a term loan and cash credit limit of Rs. 30,00,000 were allegedly illegally and dishonestly approved in the name of M/s Sunny Enterprises by accused Piyush Chaturvedi, the Senior Branch Manager of the Bank of India, Misrod Branch, Bhopal.
On the same day, an RTGS transaction was used to fraudulently debit Rs. 22,00,000 from the account of M/s Sunny Enterprises based on a forged and fabricated RTGS form and voucher. The money was then transferred to the account of accused Mohan Singh Solanki's M/s Gold Fly Aish, and both accused misappropriated it in order to further their criminal conspiracy.
The Bank suffered a large loss as a result. After conducting an investigation, the CBI brought charges against Mohan Singh Solanki and Piyush Chaturvedi. Following the trial, the Hon'ble Court found the accused guilty and punished them appropriately.
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