A 53-year-old housewife was directed to pay a fine of Rs 1 crore and was sentenced to three years in jail, and a retired bank official to one year in jail on Monday for cheating a public sector bank to the

tune of Rs 26 crore in 2008, by availing credit through wrongful means.

Anitha Mathias, then director in accused company Roshan Electrical, and retired assistant general manager K Shridhar Jagannath Shetty were found guilty under Section 120B (criminal conspiracy) read with Section 420 (cheating) of the Indian Penal Code. Shetty was directed to pay a fine of Rs 50,000. While the court on Monday acquitted the then branch manager Mahesh Kotian, main accused Mathias’ husband, Maxim, also a director in the company, passed away pending trial.

“…the Board Resolutions filed by her (Anitha),

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