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Mumbai Crime: Nine get three years in jail for cheating bank of Rs 13 crore

A court here has sentenced eight executives of a textile firm and a chartered accountant to three years` imprisonment for cheating a nationalised bank of more than Rs 13 crore by availing of credit facilities fraudulently

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Representative image/iStock

Representative image/iStock

Court has sentenced eight executives of a textile firm and a chartered accountant to three years` imprisonment for cheating a bank of more than Rs 13 crore.

Additional Chief Metropolitan Magistrate (Esplanade court) Jaywant C Yadav found the accused guilty of cheating, forgery and other relevant offences under the Indian Penal Code on July 31.

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