New Delhi, Dec 31 (IANS) A special judge sentenced a former chief manager of the Corporation Bank to 10 years of rigorous imprisonment in a forgery and cheating case and also imposed a fine of Rs.250,000 on him.
The Central Bureau of Investigation (CBI) had booked Vardgaraj Pai for forging documents and sanctioning loans to K. Vijay group of companies by fraudulent means during 1998-2000, the agency said in a statement Monday.
The loans were not repaid, resulting in a loss of Rs.100 million to the bank, the statement said.
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