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Prosecution failure leads to acquittal of UCO Bank manager in corruption case
10/13/2016 11:40:44 PM
Early Times Report

JAMMU, Oct 13: Following miserable failure of the prosecution to prove its case, special judge anti-corruption, Jammu, Sanjeev Gupta has ordered the acquittal of a UCO Bank manager in a corruption case.
Subash Chander Dutta, son of Sham Lal Dutta of Jullaka Mohalla, was booked in a corruption case in 1996 when he was branch manager of UCO Bank, Digiana.
It was alleged that he had on February 8, 1996 received a blank FDR book of 100 leaves, bearing serial No from 268911 to 268921 from the Transport Nagar branch of the bank against a proper receipt. Out of this book, 11 FDRs from serial No 268911 to 268921 were issued by him fraudulently in favour of Kamla Sharma on May 14, 1996 for an amount of Rs 2,30,000, which included 10 FDRs for Rs 21,000 each and one FDR of Rs 20,000.
The money shown to have been invested through these 11 FDRs was not reflected in the bank record and it was alleged to have been usurped by the accused by misusing his official position. All these FDRs were even renewed from time to time by him. It was also alleged that he had illegally retained the custody of remaining leaves of FDR book and thereafter caused disappearance of those FDR leaves. The matter came to the notice of bank in 2009 when Kamla approached the bank for encashment of the FDRs through her son R K.Sharma. It was found that the FDRs were not issued officially by the bank as the same were not entered in the relevant bank records.
The court, after hearing both the sides, observed that in the ultimate analysis and in the facts and circumstances of the case, it was apparent that the prosecution had not been able to prove its charge against the accused in both the challans and he deserves the benefit of doubt.
"Accordingly, the prosecution case stands dismissed and accused is acquitted in both the chargesheets," the court directed. (JNF)
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