Former Bank Manager, 9 Others Convicted in 2004 Home Loan Fraud Case

• A special CBI court convicted a retired bank manager and nine others in a 2004 loan fraud case.
• Sentences range from one to five years; brothers Kashinath Jadhav and Ganesh Pandurang Jadhav received five years.
• Former bank official Metha Sastry got one year for failing to conduct mandatory inspections, enabling the fraud.
• Accused used 17 forged sale agreements to apply for housing loans from Central Bank, claiming to buy flats from Shreeram Sthapatya Construction.
• Loan disbursements, totaling Rs 67,70,000, were diverted to bogus accounts opened by the Jadhav brothers.