Jaipur, October 5, 2026 (Yes Punjab News)
A Special CBI Court in Jaipur has sentenced a former Bank of Maharashtra branch manager to seven years of rigorous imprisonment and imposed a fine of Rs 2.85 lakh in a Rs 3.61 crore loan fraud case dating back to 2015, the Central Bureau of Investigation (CBI) said.
Ram Bharos Meena, then Branch Manager of Bank of Maharashtra’s Gopalpura Bypass Branch, was convicted in the fraud and forgery case. The court also sentenced co-accused Makhan Lal Meena, a private individual, to three years of rigorous imprisonment and imposed a fine of Rs 25,000.
The CBI had registered the case on November 9, 2016, based on a complaint filed by the bank’s Zonal Office in Jaipur on June 3 that year.
According to the complaint, Ram Bharos Meena allegedly sanctioned loans in 17 accounts between January 15 and May 6, 2015, without valid loan applications, supporting documents or adequate security.
The bank alleged that the former branch manager abused his official position and resorted to fraud and forgery, resulting in a wrongful loss of Rs 3.61 crore to the bank.
Following its investigation, the CBI filed a charge sheet against the two accused on July 9, 2020. The Special CBI Court framed charges against them on December 1, 2021.
After completion of the trial, the court convicted and sentenced both accused on September 30, the CBI said.
In a similar case last month, the Special CBI Court in Jaipur sentenced three former employees of Oriental Bank of Commerce (OBC) to seven years of rigorous imprisonment for a fraud involving the unauthorised release of mortgaged securities and a loss of more than Rs 12 lakh to the bank.
The three convicts were Ramji Lal Meena, then Branch Manager; Murari Lal Meena, then Special Assistant; and Than Singh Lashkar, then Peon-cum-Housekeeper at the OBC branch in Sheosinghpura, Lalsot, Dausa. Each was sentenced to seven years of rigorous imprisonment and fined Rs 85,000.
The CBI had registered that case on February 1, 2019, following a complaint by the then Deputy General Manager of Oriental Bank of Commerce.
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