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Get latest articles and stories on India at LatestLY. The court awarded jail terms to RP Garg, then AGM at PNB, Jitender Kumar Agarwal, then MD of Sheetal Refineries Limited, Sudhir Bhuraria, authorised signatory, and Manish Bhuraria, along with a fine of Rs 75,000 each. India News | Hyderabad: Former Punjab National Bank AGM Gets Five-year Rigorous Imprisonment for Bank Fraud.

A special CBI court in Hyderabad has awarded five years of rigorous imprisonment to four persons including a former assistant general manager (AGM) in Punjab National Bank's (PNB) of Banjara Hills branch here along with a fine for his involvement in a bank loan fraud of amounting to Rs 53.82 crore.

After investigation, a charge sheet was filed against six persons. The trial court found the said accused guilty and convicted them.

A special CBI court on Tuesday awarded five years' rigorous imprisonment (RI) to a former assistant general manager (AGM) in Punjab National Bank's (PNB) Banjara Hills branch here along with a fine for his involvement in a bank loan fraud of amounting to Rs 53.82 crore.

New Delhi [India], January 27 (ANI) The Enforcement Directorate (ED) has attached movable and immovable properties worth Rs 43.25 crore belonging to Sheetal Refineries Ltd and its promoter and Managing Director Jitender Kumar Agarwal for defrauding State Bank of Hyderabad and Punjab National Bank, the agency said on Thursday.