KOCHI: The CBI court on Wednesday granted two years’ rigorous imprisonment and slapped a fine of Rs 20,000 each to nine persons who pledged rolled gold and took loan of Rs 1.36 crore from a bank in Kasargod during 2000-2001.
CBI special judge K M Balachandran found that nine accused persons conspired with the officials of North Malabar Grameen Bank for pledging the rolled gold.
The court has sentenced Kasargod natives M Rabia, 46, K A Anwar, 35, P A Sakeena, 37, Beefathima K, 82, M Mohamed Kunhi, 47, H Abdul Salam, 36, Nabeesa, 83, Nabeesa, 51, and Mymoona, 49.
P V Kunhiraman and K V Sankaran, who were manager and appraiser of the bank respectively had passed away before the court completed the trial of the case. The accused were found guilty for cheating, conspiracy and bribing public servants.
The incident took place in 2000 and 2001 when nine accused who were having accounts in North Malabar Grameen Bank cheated the bank by conspiring with the officials. The case was registered in 2001 and later handed over to CBI for further investigation.