CBI court awards rigorous imprisonment to former LIC officer for diverting customers money

The CBI Court awarded three years of rigorous imprisonment to a former LIC officer, after he was found guilty of diverting money.

Published: 25th May 2016 01:52 AM  |   Last Updated: 25th May 2016 01:52 AM   |  A+A-

KOCHI: The CBI Court on Tuesday awarded three years of rigorous imprisonment to a former administrative officer of the LIC, after he was found guilty of diverting money in 2001 by manipulating documents submitted by customers.

CBI Court Judge K M Balachandran also slapped a fine of Rs 2.75 lakh on C P Damodaran, former administrate officer at the KGSD department of the LIC-Kozhikode divisional office.

The court also awarded three years of rigorous imprisonment to Vengari-native V Suren, the second accused in the case, and imposed Rs 1 lakh fine on him.

Suren was the beneficiary of the money illegally diverted by Damodaran.

The Court, meanwhile, acquitted Suren’s wife Jayashree after the CBI failed to prove her involvement in the case.

Damodaran, who served at LIC-Kozhikode from 1997 to 2001, forged 13 documents during his tenure to divert around `5 lakh, which was sent to the account of Suren and Jayashree. The CBI had registered case against Damodaran in 2002, under Sections 120(b), 420, 468, 471 and 472(a) of the IPC, and Section-13(1-d) of the Prevention of Corruption Act.

Senior advocate B Raman Pillai, advocate Thomas Abraham Nilackappillil, advocate Sunil Maheshwara Pillai and advocate Sreelal Warrier appeared for the accused.

Though the court awarded total 18 years of imprisonment to Damodaran and 12 years of imprisonment to Suren for various offenses, the sentence will run concurrently. Earlier, the CBI Court had convicted Damodaran in two other cases.


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