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CBI Court Sentences 11, Including Two Ex-Canara Bank Officials, to Four Years Jail in Bank Fraud Case

Summary by bhaskarlive.in
Digital Desk | Shimla, Oct 14 (IANS) A Special CBI court here on Wednesday sentenced 11 accused, including two former Canara Bank officials and a private company, to four years of rigorous imprisonment in a bank fraud case involving alleged fraudulent loans worth Rs 7.91 crore. The court also imposed a total fine of Rs 19.75 lakh on the convicts, including M/s Colour Camp Industries, two public servants and eight private individuals. The two …
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A special CBI court in Shimla, Himachal Pradesh, has sentenced 11 accused, including two former Canara Bank officials, to four years of rigorous imprisonment in a bank fraud case. The court also imposed a total fine of ₹19.75 lakh on the accused. The accused include a private company and eight other individuals. According to the CBI, the case relates to the alleged loss of crores of rupees to the bank by obtaining loans from the Canara Bank bran…

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bhaskarlive.in broke the news on Wednesday, October 14, 2026.
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