All six accused have been sentenced to three years’ imprisonment along with a fine of Rs 25,000 each, while the company has also been fined Rs 25,000, bringing the total penalty to Rs 1,75,000.
The Central Bureau of Investigation registered the instant case on 7th March 2017 on the basis of complaint alleging that the complainant had been sanctioned a loan amounting to Rs 20,25,000 under “Kamdhenu Yojana” from Baskhari Branch.
RCom said that it has received a letter from Bank of Baroda on September 2, informing the decision to declare the loan accounts of the company and its promoter Anil Ambani as fraud.
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Employees of several public sector banks, including State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda, are on a two-day strike starting Thursday to protest against the proposed privatization of the state-run lenders.
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