CBI Court Convicts Ex-BOI Official, Others in Rs 3 Crore Cheating Case

• A special CBI court sentenced four individuals in a 2012 Bank of India cheating case involving a forged Letter of Credit.
• Harit Mehta and Abhay Mehta of Infinity Transmission received five years imprisonment and hefty fines (Rs 3.50 crore and Rs 1 crore respectively).
• Former BOI senior manager Manojkumar Mathur and Ilesh Shah were sentenced to three years in jail with Rs 50,000 fine each.
• The accused were found guilty under IPC sections 420 (cheating), 467 (forgery), and 120-B (criminal conspiracy).
• The forged LC caused Bank of India a loss of Rs 3.4 crore after funds were remitted to Infinite Transmission and subsequently withdrawn.