CBI court convicts ex-Corporation Bank manager in ₹4.9 crore fraud
HYDERABAD: The Special Judge for CBI cases in Hyderabad has convicted and sentenced T. Chandrakanth, the then Senior Manager of Corporation Bank’s Banjara Hills branch, to two years’ rigorous imprisonment and a fine of ₹20,000 in a ₹4.9-crore bank fraud case.
Six borrowers also convicted
Six private borrowers — VNSC Bose, V. Rajansri, Konda Sekhar Reddy, NVP Nanda Kishore and H. Raja Sekhar Reddy — were sentenced to one year of rigorous imprisonment each with a total fine of ₹55,000.
Case details
The Central Bureau of Investigation (CBI) had registered the case on September 29, 2004 against Chandrakanth and 16 others for allegedly cheating Corporation Bank by sanctioning and disbursing housing loans worth ₹4.9 crore on the basis of false and fictitious documents.
Following the probe, the CBI filed a chargesheet on March 30, 2007 against Chandrakanth and 11 others. After the trial, the court convicted seven accused and pronounced the sentences on October 24, 2025.
