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CBI court sentences five in fraudulent transactions case

CBI court sentences five in fraudulent transactions case

New Delhi, Sep 14 (UNI) A special CBI court in Hyderabad has sentenced five people to undergo imprisonment with fine in a case related to fraudulent transactions. "The Special Judge for CBI cases, Hyderabad sentenced C Karunakar Babu and G Anantha Kumar seven years' imprisonment with fine of Rs 6,75,000 each; three years' imprisonment with fine of Rs 75000 each to V Ashok Kumar and BK Manjunath; and G Sudheer to undergo three years imprisonment with fine of Rs 50,000," the probe agency said in a statement here today. The CBI said it had registered the case on January 28, 2005 on the allegations that KV Sudhakar Reddy, former Branch Manager of Indian Bank, Kongareddipalle, Chitoor branch in collusion with the other accused persons made fraudulent transactions and misappropriated Rs 1.12-crore. 'After completion of investigation, charge sheet was filed before the Principal Special Judge for CBI Cases, Hyderabad on May 31, 2006 under section 120-B r/w 409, 420, 467, 468, 471 of IPC, 13(2) r/w 13(1)(c) and (d) of PC Act, 1988 and substantive offences against the accused persons. KV Sudhakara Reddy expired during Trial and the charges against him were abated," it stated. The probe agency said the trial Court convicted the five accused persons and acquitted two other persons. UNI DS SNU 1542

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ED seizes assets worth Rs 20 87 Cr of Dabur India

ED seizes assets worth Rs 20 87 Cr of Dabur India

22 May 2018 | 10:32 PM

New Delhi, May 22 (UNI) Enforcement Directorate (ED) has seized assets of Director of Dabur India Ltd Pradip Burman, for holding assets abroad worth Rs 20.87 crores, under Section 37A (1) of Foreign Exchange Management Act (FEMA), an official release said here on Tuesday.

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Delhi experiences hottest day of season at 46 deg C

Delhi experiences hottest day of season at 46 deg C

22 May 2018 | 9:53 PM

New Delhi, May 22 (UNI) Delhi on Tuesday recorded its hottest day of the season so far with the maximum temperature in the capital city shooting up to 46 degrees Celsius, six degrees above the normal.

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Delhi experiences hottest day of season at 46 deg C

22 May 2018 | 9:24 PM

New Delhi, May 22 (UNI) Delhi on Tuesday recorded its hottest day of the season so far with the maximum temperature in the capital city shooting up to 46 degrees Celsius, six degrees above the normal.

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LS Speaker accepts resignation of BSY, Sriramalu as MPs

LS Speaker accepts resignation of BSY, Sriramalu as MPs

22 May 2018 | 9:19 PM

New Delhi, May 22 (UNI) The Lok Sabha Speaker Sumitra Mahajan has accepted the resignation of three sitting MPs from Karnataka B S Yeddyurappa and B Sriramalu - both BJP and the JD(S) lawmaker C S Puttaraju.

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Cong to reward Shivakumar; no decision on Siddaramaiah

22 May 2018 | 9:05 PM

KN Ashok
New Delhi/Bengaluru, May 22 (UNI) The JD(S) - Congress combine on Tuesday finalised the power sharing formula with Congress taking the lion's share of Cabinet berths, but key party leader DK Shivakumar was not selected for deputy chief minister's post.

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