Trader jailed for creating fake documents to withdraw Rs. 9 lakh from bank
News

Trader jailed for creating fake documents to withdraw Rs. 9 lakh from bank

December 1, 2018

Mysuru: The First Chief Judicial Magistrate Court has sentenced a trader to one year imprisonment and has asked him to pay a fine of Rs.10,000 for furnishing fake documents to a bank and withdrawing Rs.9 lakh.

The Court pronounced the judgement yesterday after hearing the case where M.N. Mohan Kumar of Makkam Traders on Basaveshwara Road in city was accused of withdrawing the money from Karnataka Bank branch at Chamundipuram.

The prosecution had argued that Mohan Kumar, to avail an Over Draft (OD) in 1999, had created fake documents in the name of one Brundarani and M. Nagaraju of Bengaluru where it was mentioned that Brundarani and Nagaraju owned a site sanctioned by a Housing Cooperative Society.

The documents showed that the site has been sanctioned to Brundarani and Nagaraju and has been registered in   their names.

Mohan Kumar then presented two persons before the Karnataka Bank officials and introduced them as Brundarani and Nagaraju.

Later, the bank sanctioned Rs.9 lakh as OD to Mohan Kumar. As Brundarani and Nagaraju failed to repay the amount, the bank issued a notice to them.

On receiving the notice, Brundarani and Nagaraju from Bengaluru appeared before the bank and claimed that the documents were not theirs.

Brundarani and Nagaraju presented the original documents of the site that was sanctioned by the Housing Cooperative Society where it was found that the documents presented by Mohan Kumar to avail the  OD were fake.

Later, the bank Manager Giridhar M. Desai lodged a complaint with K.R. Police Station and the Police had submitted a charge sheet against Mohan Kumar in the Court.

READ ALSO  Conman grabs property of deceased woman by creating fake documents

K.M.C. Shivashankaramurthy had argued on behalf of the State.

ABOUT

Mysuru’s favorite and largest circulated English evening daily has kept the citizens of Mysuru informed and entertained since 1978. Over the past 45 years, Star of Mysore has been the newspaper that Mysureans reach for every evening to know about the happenings in Mysuru city. The newspaper has feature rich articles and dedicated pages targeted at readers across the demographic spectrum of Mysuru city. With a readership of over 2,50,000 Star of Mysore has been the best connection between it’s readers and their leaders; between advertisers and customers; between Mysuru and Mysureans.

CONTACT

Academy News Papers Private Limited, Publishers, Star of Mysore & Mysuru Mithra, 15-C, Industrial ‘A’ Layout, Bannimantap, Mysuru-570015. Phone no. – 0821 249 6520

To advertise on Star of Mysore, email us at

Online Edition: [email protected]
Print Editon: [email protected]
For News/Press Release: [email protected]