Home > Mumbai > Indian Overseas Bank ex-DGM gets 1-year rigorous imprisonment; was convicted last month too

Indian Overseas Bank ex-DGM gets 1-year rigorous imprisonment; was convicted last month too

May 10, 2023
Eight years after a complaint was filed, a special CBI court on Tuesday convicted and sentenced a former deputy general manager (DGM) of Indian Overseas Bank to one-year rigorous imprisonment for facilitating the dishonest sanction and disbursement of a Rs 11 crore corporate and car loan to a Powai company, Anytime India Fitness Pvt Ltd, in 2011.

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