Jalandhar, May 28, 2013: The Special Judge, Tis Hazari Courts, Delhi, has convicted G.C. Jain, then Officer (Junior Management Grade Scale), State Bank of India and two private persons, Rakesh Kumar and Pramod Kumar in a cheating and forgery case. G.C. Jain was sentenced to undergo five years Rigorous Imprisonment with total fine of Rs. 2.70 lakh and Rakesh Kumar and Pramod Kumar were sentenced to undergo four years RI with fine of Rs. 60,000 each.
Present case was registered, by the CBI on September 28, 1990 on the complaint of State Bank of India, Head Office, Sansad Marg, New Delhi against G.C. Jain, Officer, JMGS, SBI and five private person alleging therein that G.C. Jain in conspiracy, defrauded SBI to the tune of about Rs.12,33,162 by substituting genuine pay-in-slips submitted by Bank customers for crediting cheques / drafts and other bank instruments with forged ones in favour of accounts opened in the name of his relatives on his introductions.
After investigation by the CBI sleuths, a chargesheet was filed in the court of Special Judge, New Delhi against G.C. Jain, Rakesh Kumar and Pramod Kumar on December 22, 1992.
The Trial Court found three accused guilty and convicted them.