Bank of Maharashtra former manager sentenced in Jaipur fraud case

A special CBI court in Jaipur has sentenced a former Bank of Maharashtra branch manager and two private individuals for their involvement in a bank fraud case. The scheme, which occurred between January and May 2015, resulted in a loss of approximately 3.61 crore rupees to the bank.

The former manager of the Gopalpura Bypass branch, Ram Bharose Meena, was sentenced to seven years of rigorous imprisonment and ordered to pay a fine of 2.60 lakh rupees. Two accomplices, Deep Ram Meena and Veer Singh Meena, received three years of rigorous imprisonment each, along with fines of 25,000 rupees.

Investigators found that the group conspired to approve fraudulent loans across 17 accounts without proper applications, necessary documentation, or sufficient security. The case was initiated following a complaint from the bank's regional office in November 2016, leading to a charge sheet filed by the CBI in 2019.