Chennai CBI Court Jails Two Ex–Central Bank Managers for 9 Years in ₹10-Crore Loan-Fraud Case

Overview

• Former branch managers T. R. Venkatraman and P. Swaminathan were each sentenced to nine years of rigorous imprisonment and fined ₹45,000.
• Private accused K. Srinivasan received six years of rigorous imprisonment with a ₹20,000 fine for his role in the scheme.
• The court found the accused facilitated fraudulent overdraft and term loans to late producer G. Venkateshwaran by using fabricated book debts, causing losses exceeding ₹10 crore.
• XI Additional Special Judge T. P. Vadivelu convicted the defendants under the Indian Penal Code and the Prevention of Corruption Act.
• G.V. Films Ltd. was fined ₹50,000, with six months’ simple imprisonment for company representative A. H. Abdul Hameed if unpaid, while proceedings tied to Sujatha Films remain before the City Civil Court after an earlier High Court order.