Bank Fraud Case: Two Officials and Six Others Handed 10‑Year Jail Terms

On July 31, 2026, the CBI Special Court in Chennai pronounced a verdict in a bank fraud case that involved the approval of 728 dairy loans worth INR 2.32 crore. The scheme, orchestrated through forged applications, caused a loss of INR 1.97 crore to the bank. The court found guilty two former public officers – a branch manager and a rural marketing officer – along with six private individuals. All were sentenced to ten years of rigorous imprisonment. Fines of INR 5 million were levied on five of the accused, while the remaining three were each fined INR 2 million.