A special CBI court has sentenced five persons, including a first class assistant of Mandya Urban Development Authority (MUDA), to seven years rigorous imprisonment and a total of Rs 5.02 crore for misappropriating ₹1 crore each in five Mooda checks. Has imposed a fine of Rs.
The case was registered by the CBI after the state government sent the case. The investigation found that K. Ananda, Nagalingaswamy, and Chandrasekhar — all businessmen, H.K. Nagraj entered into a criminal conspiracy with FDA, Mooda and misappropriated the cheque. KB Harshan, an employee of K Anand, has also been convicted.
“Chandrasekhar opened a current account in Indian Bank, Mandya in 2012 in the name of his non-existent M/s Aakash Enterprises. Subsequently, in February, 2013, K. Anand and HS Nagalingaswamy with the assistance of HK Nagaraj, MUDA He fraudulently received five checks of ₹1 crore issued by the then Commissioner, Muda from his SB account, Allahabad Bank for investment in fixed deposits in Indian Bank, Mandya.The accused entered the payee column of these checks. Wrote the account number of M/s Aakash Enterprises and fraudulently credited the entire proceeds of these checks to the current account of M/s Aakash Enterprises and misappropriated the amount. Subsequently, Fake Fixed Deposit Receipts were submitted to MUDA through HK Nagaraj, Those were kept for record purposes,” the CBI said in a press release on Friday.