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Showing contexts for: temporary overdraft in N. Ramamurthy vs State By Central Bureau Of ... on 26 April, 2019Matching Fragments
3. The background aspects, so far relevant for the present purpose, could be noticed, in brief, as follows:
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3.1. The appellant herein was tried as Accused No. 2 in Special Criminal Case No. 12 of 2002 for the offences under Section 120-B read with Sections 409, 420, 468, 471, 477-A of the Indian Penal Code ('IPC') and Section 13(2) read with Sections 13(1)(c) and (d) of the Prevention of Corruption Act, 1988 ('PC Act').
3.2. The prosecution case had been that during the years 1995-96, the appellant and the Accused No. 1, who were respectively working as clerk and manager in the State Bank of Mysore, entered into a criminal conspiracy and committed several acts of breach of trust, cheating, forgery, falsification of accounts and misappropriation of funds. It was, inter alia, alleged that the accused persons raised fraudulent debits to the extent of Rs. 23,53,090/- in various accounts maintained by the customers in the bank like Savings Bank Account, Current Account, Term Deposit, Reinvestment Deposit etc; and the amount so debited was fraudulently credited to the personal accounts of the appellant and was obtained by forging the withdrawals. It was also alleged that during the year 1996, both the accused persons fraudulently added a fictitious name K. Prabhakara to Savings Bank Account No. 1400 existing in the name of R. Madhusudana, though the specimen signatures of K. Prabhakara were not available in the bank; fraudulent credits were posted in the said Savings Bank Account No. 1400 to the tune of Rs. 9,46,399/-; and subsequently, the appellant made withdrawals on different dates from the said account by forging the signatures of K. Prabhakara. It was also alleged that the Accused No. 1 permitted several temporary Overdrafts for substantial amounts in different Current Accounts in excess of his powers and suppressed these facts from the controller; and that such accounts were closed after misappropriation of funds.