Four Directors Sentenced to Five Years in Prison for ₹5.75 Crore Bank Fraud
2 hours agoCrime
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1 SourcesChennai, India
TBNthebalanced.news
Four Directors Sentenced to Five Years in Prison for ₹5.75 Crore Bank Fraud

A CBI court has sentenced four directors of D.N. International Ltd. to five years of rigorous imprisonment and a fine of ₹4 lakh each for a bank fraud case. The company was also fined ₹4 lakh. The directors were convicted for criminal conspiracy and misconduct between 1999 and 2000, causing a wrongful loss of ₹5.75 crore to Andhra Bank by diverting funds meant for diamond export.

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