New Delhi, February 20, 2020: The Special Judge for CBI Cases, Pune has sentenced Shaliwahan Solegaonkar, then Branch Manager, Bank of Maharashtra, Pune to undergo 10 years Rigorous Imprisonment with a total fine of Rs. 24 lakh. Rakesh Jadhav, a private person was sentenced to undergo 03 years Rigorous Imprisonment with fine of Rs. 10,000/- each under Section 120-B of IPC read with Section 409 of the Prevention of Corruption Act, 1988.
CBI had registered a case on 28.06.2018 on the allegations that during the period 2009 to 2017, Shaliwahan Solegaonkar, Branch Manager in 5 different Branches of Bank of Maharashtra at Pune, entered into a criminal conspiracy with a private person Rakesh Jadhav and other unknown persons.
In pursuance of the said conspiracy both the accused fraudulently misappropriated the total amount of Rs.2,56,15,998/- (approx.) from the bank’s funds.
It was also revealed that Shaliwahan Solegaonkar while posted in different capacities, viz., as Clerk, Dy. Manager at Sahakar Nagar Branch; as Dy. Manager at Lavale & Lasurne branches; as Manager at Hadapsar Industrial Estate and Talegaon Dhamdhere branches transferred various amounts from Bank General Ledger (BGL) account to a Savings Account opened in the name of Rakesh Jadhav (private person) which was maintained at Sahakar Nagar Branch of Bank of Maharashtra at Pune.
Thereafter, Shaliwahan Solegaonkar transferred the said amounts from the account of Rakesh Jadhav to his own Savings Bank Accounts maintained at Vadgaon Budruk Branch and Sahakarnagar Branch of Bank of Maharashtra, respectively and thereby misappropriated a total amount of Rs.2,56,15,998/- (approx.), which was entrusted to him as a banker.
After investigation, 5 charge sheets were filed before the Special Judge, CBI Cases, Pune on 20.12.2018 & 26.12.2018, under Sections 120-B of IPC r/w 409 and under Section 13(2) r/w 13(1)(d) of P.C. Act, 1988 against the accused.
The Trial Court found the accused guilty and convicted them.