Excelsior Correspondent
JAMMU, Oct 13: Special Judge Anticorruption Jammu Sanjeev Gupta today acquitted Subash Chander Dutta, the then Branch Manager UCO Bank Digiana as prosecution miserably failed to prove its case.
According to police case, Subash Chander Dutta during his posting as Manager UCO Bank Branch Digiana in the year 1996 received one blank FDR book containing a total of 100 leaves from Transport Nagar Branch of UCO Bank against a proper receipt.
Out of this book, 11 FDRs bearing serial numbers from 268911 to 268921 were issued by him fraudulently in favour of Kamla Sharma on 14.05.1996 for an amount of Rs 2,30,000 which include 10 FDRs for Rs 21,000 each and one FDR for Rs 20,000. The money shown to have been invested through these 11 FDRs was not reflected in the record of UCO Bank Branch Digiana and the same was usurped by accused by misusing his official position.
The accused illegally retained the custody of remaining leaves of FDRs and thereafter caused disappearance of those FDR leaves. The matter came to the notice of the bank in the year 2009 when investor Kamla Sharma approached the bank for encashment of the FDRs through her son R K Sharma. It was found that FDRs in question were not issued officially by the bank as the same were not entered in the relevant bank records.
After hearing both the sides, the court observed, “in the ultimate analysis and in the facts and circumstances of the case it is apparent that prosecution has not been able to prove its charge against the accused in both the challans”, adding “the accused deserves a benefit of doubt”.
Accordingly, prosecution case was dismissed and accused was acquitted in both the chargesheets.
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