📷 Image: Wikimedia Commons / ShreshtaKhetan
Crime
Bank fraud in Dausa: Manager, three officials sentenced to 7 years for Rs 12.14 lakh loss
✍️ Amar Ujala · Rajasthan
🗓 22 Sep 2026, 04:31 PM
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A special CBI court in Jaipur convicted the former branch manager of a Dausa bank and three public servants, sentencing them to seven years in prison for a fraud that cost the bank Rs 12.14 lakh using a forged NOC.
The Jaipur special CBI court delivered its verdict on a fraud case involving a bank branch in Lal Soth, Dausa, Rajasthan. The court found the former branch manager and three government officials guilty of forging a No‑Objection Certificate (NOC) that enabled them to siphon off Rs 12.14 lakh from the bank.
Investigators determined that the fabricated NOC was used to authorize unauthorized transactions, leading to the financial loss. The accused were arrested after a detailed probe by the CBI, which traced the money trail and uncovered the collusion between the bank official and the three public servants.
All four were sentenced to seven years of rigorous imprisonment. The judgment underscores the judiciary's stance against corruption in the banking sector and serves as a warning to other officials who might attempt similar schemes.
The court also ordered the confiscation of any assets acquired through the illegal proceeds, aiming to recover the amount lost by the bank.
Investigators determined that the fabricated NOC was used to authorize unauthorized transactions, leading to the financial loss. The accused were arrested after a detailed probe by the CBI, which traced the money trail and uncovered the collusion between the bank official and the three public servants.
All four were sentenced to seven years of rigorous imprisonment. The judgment underscores the judiciary's stance against corruption in the banking sector and serves as a warning to other officials who might attempt similar schemes.
The court also ordered the confiscation of any assets acquired through the illegal proceeds, aiming to recover the amount lost by the bank.