CBI Court Sentences Former Bank of India Manager and Associate to Seven Years Imprisonment for Fraud

BHOPAL, MAY 15, 2026 :- The CBI Court in Bhopal has sentenced Piyush Chaturvedi, the former Senior Branch Manager of Bank of India Misrod Branch, and Mohan Singh Solanki to seven years of rigorous imprisonment for their involvement in a bank fraud case.

Alongside the prison term, the court imposed a total fine of 60,000 on the convicts. The case was originally registered by the Central Bureau of Investigation on January 25, 2016, following a complaint from the Deputy Zonal Manager of the Bank of India Zonal Office in Bhopal.

Investigations revealed that on November 26, 2013, Chaturvedi dishonestly sanctioned a term loan and cash credit limit of 30,00,000 in the name of RJ Enterprises.

On the same day the loan was sanctioned, 25,00,000 was fraudulently debited from the account using forged and fabricated RTGS forms and vouchers. These funds were transferred to the account of Sanwariya Machine, owned by Mohan Singh Solanki, and subsequently misappropriated by both accused individuals as part of a criminal conspiracy.

The actions caused a significant wrongful loss to the bank while providing wrongful gain to the perpetrators. After a thorough investigation, the CBI filed a charge sheet before the competent court, which ultimately led to the conviction and sentencing of both men after the conclusion of the trial.