Nikhil Ghate, Bank Accountant of CDCC Bank, sentenced to 3 years for cheating of Rs 3.6 crore
In the investigation done by the bank officials, it has come to the fore that the accused cashier Nikhil Ghate was embezzling the money deposited by some account holders.
Chandrapur: Judicial magistrate first class (JMFC) Hrishikesh Hingangaonkar has sentenced Chandrapur District Central Cooperative (CDCC) Bank’s accountant Nikhil Ghate to three years rigorous imprisonment for embezzlement of about Rs 3.63 crore from the Ramnagar branch.
The matter came to the fore in February 2021 many credit cooperative societies and individual account holders have started complaining that the amount deposited with the Zilla Parishad in the Chandrapur District Central Cooperative bank branch has yet to be credited to their account.
In the investigation done by the bank officials, it has come to the fore that the accused cashier Nikhil Ghate was embezzling the money deposited by some account holders. And was not depositing it in their account at all. And after an internal investigation, the loss was caught for embezzlement and bank manager Rajni Sapte has also filed a complaint against him at Ramnagar police station.
The then Superintendent of Police Arvind Salve had also handed over the investigation to the Economic Offenses Wing (EOW), as the scam involved more than Rs 3 crore. And also Deputy SP and Economic Offences Wing in-charge Shekhar Deshmukh have filed a charge sheet in Judicial magistrate first class court after this investigation.
Court has ordered this loss to return the embezzled amount
The Nagpur bench of the Bombay High Court had also ordered the Judicial magistrate first class to expedite the proceedings and ensure a decision within about six months. Also, a total of 34 witnesses have appeared before the court, while it has also examined several documents, and reports of signature experts, and cyber experts.
On the basis of all the evidence, Magistrate Hrishikesh Hingangaonkar convicted the accused accountant Nikhil Ghate for the entire offense under section 409 of the IPC and also sentenced him to undergo rigorous imprisonment for about three years.
He was also sentenced to imprisonment for about 1.5 years under IPC section 201. And the court has also ordered this loss to return the embezzled amount of about Rs 2.86 crore, which was not recovered from them to the bank at all.
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