Bank manager gets 2 years jail for Rs 99L fraud

Chennai: A special city court here has sentenced a former chief manager of Canara Bank to two years RI in a corruption case. According to the prosecution, the then chief manager of Canara Bank, Guindy branch, D R Naik, entered a criminal conspiracy with three people, T S Ananthraj Stephen, Franklin Samuelraj Toney alias Andrew Marshal and K Vasanthan to cheat the bank of 99 lakh. The manager and the trio attempted to prepare fake fixed deposit receipts (FDR), worth 99 lakh, of Tamil Nadu Constructions Welfare Board and break them in the city. After investigation, the CBI filed a chargesheet against the accused under various sections of the Indian Penal Code and the Prevention of Corruption Act.On Wednesday, the additional city civil and sessions court for CBI cases sentenced Naik to two years in prison and fined him 1 lakh. He sentenced Toney and Vasanthan to two years in prison and fined them 1 lakh and 1.5 lakh respectively.