The Hindu·3 min read·medium
CBI court convicts four, acquits former bank officials in ₹96-lakh loan fraud in Kerala
T
The Hindu Bureau
✦AI Summary
A Special CBI Court in Kochi convicted four individuals for a ₹96-lakh loan fraud involving forged documents and the illegal mortgaging of government forest land. Two former bank officials were acquitted due to insufficient evidence of criminal conspiracy.
A Special CBI Court in Kochi has convicted four persons and acquitted three others, including two former officials of the erstwhile State Bank of Travancore (SBT), in a nearly two-decade-old loan fraud case involving the fraudulent availing of a ₹96.80-lakh loan by mortgaging protected government forest land using forged documents and impersonation.
businesssocial justice
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