Friday 6 April 2012

Fraudster sentenced to 28 yrs' jail, fined Rs 22L

: The prime accused in four different cases of serious nature has been sentenced to rigorous jail term for 28 years and pay a fine of Rs 22 lakh.
Shriram Shende was held guilty in a fraud case worth Rs 22 lakh related to the postal department. The accused was 33 years old at the time of committing the fraud. Now he is 60. Delivering the judgment on Wednesday evening, special judge NV Deshmukh sentenced the accused to 7 years' rigorous imprisonment and pay a fine of Rs 2 lakh under section 420 of IPC. He will have to suffer 5 years' jail and pay a fine of Rs 2 lakh each under sections 466 and 468 of IPC in another case.
Shende and the other accused were acquitted of the charges of conspiracy under 120B of IPC and section 5(i)(d) and 5(2) of Prevention of Corruption Act. The Central Bureau of Investigation had filed four sets of chargesheets against Shende and others. Shende has been convicted and sentenced to similar jail term and pay a fine of Rs 2 lakh in three cases each. He has to undergo sentences consecutively.
Shende had committed a fraud through ledger folio in saving bank department of the post office by collecting deposits. The fraud was first noticed on July 9, 1985 when a cheque of Rs 20,000 came for clearance while the balance in the account of the accused was only Rs 178. He opened accounts of himself, his brother Ramkrishna, three minor sons Gajanan, Ramakant, Umakant and minor daughter Maya and committed a fraud.
Shende, his brother Ramkrishna Badge, Bhimrao Deshmukh, Vitthal Kode and Suresh were the accused in the fraud. Accused Bhimrao Deshmukh has died.
The property of Shende was seized and auctioned. The proceeds of Rs 4 lakh were credited to the government account. Now an amount of Rs over 17 lakh has to be recovered from the accused.
Arguing before the court, CBI's special prosecutor Subhash Kate said Shende systematically committed a fraud of Rs 22 lakh through ledger folio system by opening fictitious accounts while working in the post office.
In all 36 witnesses were examined. Of them, 18 were of postal department, 12 property owners, Sureshchandra Lohiya and P Bhagwandas, the sanctioning authority. Lawyer Motisingh Mohta defended the accused.

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