Did a Union Bank of India Manager Just Get Sentenced to 4 Years in a Fraud Case?
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Synopsis
In a shocking turn of events, Manoj Srivastava, the Branch Manager of Union Bank of India in Noida, has been sentenced to four years of imprisonment in a serious bank fraud case. This case exemplifies the CBI's increasing vigilance against corruption within public institutions.
Key Takeaways
- Manoj Srivastava was sentenced to four years in prison.
- A fine of Rs 30,000 was imposed by the court.
- The fraud involved a loan of Rs 40 lakh based on forged documents.
- The CBI is actively combating corruption in public institutions.
- Related arrests highlight ongoing vigilance against bribery.
New Delhi, Sep 20 (NationPress) The Special Judge at the CBI Court in Ghaziabad has convicted and sentenced Manoj Srivastava, the Branch Manager of Union Bank of India, SSI Branch in Noida, to a term of four years' imprisonment along with a fine of Rs 30,000 due to his involvement in a bank fraud case.
The Central Bureau of Investigation (CBI) registered this case on December 14, 2010, against Manoj Srivastava and others, based on allegations of bank fraud.
According to CBI statements, Manoj Srivastava, while serving as the Branch Manager from May 2007 to June 2009, abused his position as a public servant. He conspired with Anil Kumar Govil, an Accountant at the same branch, to approve a loan of Rs 40 lakh on February 10, 2009, to Rajeev Buddhiraja, who was the proprietor of M/s Bharti Associates, using forged documents. This act resulted in significant financial loss for the bank.
A charge sheet was filed by the CBI on September 29, 2012, against the accused including Manoj Srivastava, Anil Kumar Govil, and Rajiv Buddhiraja.
On July 7, 2017, the court framed charges against the defendants. Then, on August 22, 2025, Manoj Srivastava submitted a request to plead guilty in the Special Judge's court, acknowledging his wrongdoing, which was accepted.
On the recent Saturday, the Special Judge at the CBI Court in Ghaziabad confirmed his guilty plea and handed down the sentence.
It is crucial to highlight that the CBI is intensifying its efforts against public officials involved in bribery and corruption, which adversely impacts citizens.
In a related note, the CBI arrested the Branch Manager of UP Grameen Bank at Sankisha Branch, Farrukhabad earlier this month while he was accepting a bribe of Rs 30,000.
Point of View
We at NationPress consistently advocate for transparency and accountability within our public institutions. The conviction of Manoj Srivastava serves as a reminder that corruption will not be tolerated, and we support the CBI's ongoing efforts to ensure justice and maintain public trust.
NationPress
20/09/2025
Frequently Asked Questions
What was the main charge against Manoj Srivastava?
Manoj Srivastava was charged with bank fraud for approving a loan of Rs 40 lakh based on forged documents, resulting in financial losses for Union Bank of India.
What sentence did the court impose?
The court sentenced Manoj Srivastava to four years of imprisonment and imposed a fine of Rs 30,000.
When did the CBI file the charge sheet?
The CBI filed the charge sheet against the accused on September 29, 2012.
What measures is the CBI taking against corruption?
The CBI is intensifying its actions against public officials involved in bribery and corruption to protect citizen interests.
What recent actions has the CBI taken regarding other officials?
Earlier this month, the CBI arrested the Branch Manager of UP Grameen Bank for accepting a bribe.
