Ex-MLA gets jail term

Published: 17th October 2012 12:58 PM  |   Last Updated: 17th October 2012 12:58 PM   |  A+A-

For the first time in the State, a former MLA and president of a cooperative bank has been awarded rigorous imprisonment (RI) for sanctioning loans violating the prevailing guidelines.

Chief Judicial Magistrate (CJM), Baripada, Nilakantha Tripathy, on Tuesday sentenced former Baripada MLA Bimal Lochan Das (75) to two years of RI for allegedly granting loans from the Baripada Urban Cooperative Bank illegally, eight years back. The court has also fined Das ` 25,000 and in case of default he would have to undergo an additional six months of RI.

According to the prosecution, Das, the nominated president of Baripada Urban Cooperative Bank during 2003-04, had allegedly sanctioned loans to the tune of

` 7 crore violating all guidelines.

 

 

Balasore: For the first time in the State, a former MLA and president of a cooperative bank has been awarded rigorous imprisonment (RI) for sanctioning loans violating the prevailing guidelines.

Chief Judicial Magistrate (CJM), Baripada, Nilakantha Tripathy, on Tuesday sentenced former Baripada MLA Bimal Lochan Das (75) to two years of RI for allegedly granting loans from the Baripada Urban Cooperative Bank illegally, eight years back. The court has also fined Das ` 25,000 and in case of default he would have to undergo an additional six months of RI.

According to the prosecution, Das, the nominated president of Baripada Urban Cooperative Bank during 2003-04, had allegedly sanctioned loans to the tune of

` 7 crore violating all guidelines.

Stay up to date on all the latest Odisha news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp