Bank fraud case: HC admits plea against acquittal of MP's brother

The Dharwad bench of the High Court of Karnataka has admitted a plea against the acquittal by the CBI special court of Gopal Joshi, brother of Lok Sabha member Pralhad Joshi, in a case of fraud in Canara Bank. Gopal, who was working as a market manager with the bank, was accused of backdating deposits received from a few private companies, so that they received higher interests. This had resulted in loss to the tune of Rs 1.38 crore to the bank.

The banks vigilance wing had recommended a CBI probe. The CBI conducted an investigation and, in its report of September 2014 to the CBI special court, said there were loopholes in the case, but they were not punishable offences. The court overruled the banks objections to the report and accepted the B report. The bank had appealed in the high court against the special court order.

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