Bank Manager sent to jail for cheating customer

Bank Manager sent to jail for cheating customer

April 17, 2019

Mysuru: City’s First Additional CJ and CJM Court has sentenced a Bank Manager to one-and-a-half year imprisonment and has imposed a fine of Rs.60,000 besides asking him to provide Rs.10 lakh as compensation for cheating a Bank customer.

The accused, who has been sentenced, is T. Krishnappa, Chief Manager of Canara Bank, Jayalakshmipuram Branch.

Krishnappa, who had procured signed cheque leaves from account holder K. Nityananda saying that it was needed for the Fixed Deposit (FD), withdrew Rs.2 lakh on Sept.13, 2008 and Rs.6 lakh on Sept.19, 2008, but had not deposited the money for the FD, following which, Nityananda had lodged a complaint at Jayalakshmipuram Police Station.

The Police, after conducting investigation, had registered a case under IPC Section 409 (Criminal breach of trust by public servant, or by banker, merchant or agent) and 420 (Cheating and dishonestly inducing delivery of property) and had submitted a charge-sheet to the Court.

Judge Yashwanth Kumar, who heard the arguments, found the accused guilty and sentenced him to one year jail and imposed a fine of Rs.10,000 under IPC Section 409 and also six months imprisonment and a fine of Rs.50,000 under IPC Section 420, besides ordering Krishnappa to provide Rs.10 lakh as compensation to Nityananda. Public Prosecutor K.M.C. Shivashankar argued for the Government.


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