Other Courts

Bank Scam: Nagpur Court Refuses to Stay Congress Leader Sunil Kedar’s Conviction

A Nagpur sessions court on Saturday refused to grant a stay on the conviction of former Maharashtra minister and Congress leader Sunil Kedar in a bank scam case. The court also rejected his plea to suspend the five-year sentence handed down by a lower court last week. District Judge RS Patil, in addition, dismissed Kedar’s bail application.

On December 22, a magistrate’s court in Nagpur sentenced Kedar and five others to five years of rigorous imprisonment for the misappropriation of funds at the Nagpur District Central Cooperative Bank (NDCCB) in 2002. Kedar served as the chairman of the bank during the time of the scam. The court imposed a fine of Rs 10 lakh on each of the six convicts.

Kedar challenged his conviction and sentencing in the sessions court through an application filed by his lawyer Deven Chavhan, which was heard on Saturday.

According to the prosecution, the NDCCB incurred a loss of Rs 125 crore in government securities in 2002 due to the violation of rules in investing funds through Home Trade Private Limited.

Kedar was convicted under various sections of the Indian Penal Code, including Sections 406 (criminal breach of trust), 409 (criminal breach of trust by a public servant), 468 (forgery for the purpose of cheating), 471 (using a forged document as genuine), 120(b) (criminal conspiracy), and 34 (common intention).

Following his conviction, the state legislature secretariat disqualified Kedar as an MLA from the date of his conviction on December 22, citing provisions of Article 19 (1) (e) of the Constitution of India and Section 8 of the Representation of the People Act, 1951.

Nunnem Gangte

Recent Posts

Vandalism At Allu Arjun’s House: Hyderabad Court Grants Bail To 6 Accused

Six individuals, accused of vandalizing actor Allu Arjun's residence in Hyderabad's Jubilee Hills, has granted…

40 seconds ago

BJP MLAs Petition Delhi HC Over Pending CAG Reports

Several Bharatiya Janata Party MLAs from Delhi have approached the Delhi High Court on Monday…

40 minutes ago

Delhi HC Extends Kuldeep Singh Sengar’s Interim Bail For One Month

The Delhi High Court on Monday has extended the interim bail of Kuldeep Singh Sengar,…

1 hour ago

Supreme Court Says “Marriage Is Relationship Built On Mutual Trust, Companionship”

The Supreme Court has upheld a decision by the Madras High Court granting a divorce…

2 days ago

Delhi HC Grants Anticipatory Bail To Lawyer In Brother’s Criminal Case

The Delhi High Court has granted transit anticipatory bail to a lawyer whose brother is…

2 days ago

Justice Madan B Lokur Appointed As Chairperson of UN Internal Justice Council

Former Supreme Court Justice Madan B Lokur has been recently named the chairperson of the…

2 days ago