A CBI court in Ahmedabad has handed down three years of rigorous imprisonment and a Rs 50,000 fine to three private individuals involved in a bank loan fraud case. The convicted individuals, namely Balmukund Mithailal Dubey, Dharmesh J. Dhairya, and Alpesh Ashwinbhai Thakkar, were sentenced on Tuesday, December 30. The case dates back to December 15, 2009, when the CBI registered a case against Jayesh K. Prajapati and unidentified officials of Vijaya Bank.
The fraud involved obtaining a housing loan in March 2004 through false and forged documents related to a flat in Jalvihar Society. The accused, including Jayesh Prajapati, Alpesh Thakkar, Balmukund Dubey, and Dharmesh Dhairya, used these forged documents to secure a loan of Rs 4.78 lakh. Additionally, they created fake bank accounts to divert the loan funds, deceiving Vijaya Bank. The outstanding amount in the loan account, including unpaid instalments and interest, totaled around Rs 7,85,109, resulting in a significant loss to the bank.
The CBI filed a charge sheet on December 31, 2010, against Jayesh Keshubhai Prajapati, Balmukund Mithailal Dubey, Dharmesh J. Dhairya, and Alpesh Ashwinbhai Thakkar after completing the investigation. While the court convicted and sentenced the three individuals, Jayesh Keshubhai Prajapati remains at large. The CBI actively pursues cases of bribery and fraud, securing convictions against both public servants and private individuals, with penalties that include imprisonment and substantial fines.
