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.
K.M.C. Shivashankaramurthy had argued on behalf of the State.
This post was published on December 1, 2018 6:41 pm