The Additional CMM for CBI of Chennai, sentenced CEO OF PISI, P Senthilkumart for five years of rigorous imprisonment for false documentation. The court imposed a fine of Rs 1,25,000 on P Senthilkumar also.
In addition, the court sentenced the other five accused, namely T.R. Dhanasekar, R. Karunanidhi (both former Directors of SJS Network and Services Ltd, Chennai), J. Murali, B. Latha Bhas, and P. Senthilkumar, to undergo three years of rigorous imprisonment, each with a total fine of Rs 1,25,000 in a Bank Fraud Case.
Further, the court imposed a fine of Rs 1 Lakh each on Palpap Ichinichi Software International Ltd, Chennai, and SJS Network and Services (P) Ltd, Chennai, according to the official statement.
Earlier, CBI registered a case on complaint from the Indian Bank against the accused on 06.02.2008.
The release stated that, “It was alleged that Palpap Ichinichi Software International Ltd., Chennai represented by P.Sentilkumar, CEO cum Chairman and others, and SJS Network and Services Ltd, Chennai represented by its Directors T.R. Dhanasekar, and R.Kaunanidhi and others submitted false and forged documents, availed loan and failed to repay the loan amount, thereby causing loss to the tune of Rs 4.19 crore to Indian Bank.”
After investigation, a Charge Sheet was filed on October 20, 2008, leading to the recent conviction of the accused by the Trial Court under the direction of the Additional Chief Metropolitan Magistrate, Chennai.
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