New Delhi, June 30: The CBI Court, Chennai, vide judgment dated 29.06.2026, has convicted and sentenced the accused Public Servant Deepak V. Menon, then Senior Manager, Central Bank of India, Triplicane Branch, Chennai, a Private Company-M/s Sree Sasthru Associates Kadanthetti Pvt. Ltd and its Chief Managing Director B. Sivaganesan, in a bank fraud case.
The accused Deepak V. Menon has been sentenced to Rigorous Imprisonment (RI) for Seven Years with a fine of Rs. 65,000. B. Sivaganesan has been sentenced to Rigorous Imprisonment (RI) for Seven Years with a fine of Rs. 1.17 Lakh and a fine of Rs 26,000 has been imposed on the accused private company- M/s Sree Sasthru Associates Kadanthetti Pvt. Ltd.
The Central Bureau of Investigation (CBI) registered the instant case on 29.04.2009 based on a complaint from Central Bank of India alleging fraudulent sanction and disbursement of 28 housing loans during 2006–2007 using forged and fabricated documents, causing substantial loss to the bank. Investigation revealed outstanding dues over Rs.5.29 crore, as of February 2010.
After investigation, CBI filed charge sheet on 30.06.2010 against four accused including three above-mentioned accused and S. Vaidyanathan (a private individual). The court, after the trial, convicted and sentenced the accused accordingly. The accused, S. Vaidyanathan, expired during the trial and the case against him was abated.
