New Delhi: A verdict has been delivered on an embezzlement case in the Bank of Maharashtra in Betul, Madhya Pradesh after 11 years. Four individuals involved in the case have received sentences, including Naman Ojha’s father Vinay Ojha.

He has been sentenced to seven years of jail for his role in the embezzlement. The case revolves around a 2013 incident where Rs 1.25 crore were embezzled from a Bank of Maharashtra branch in Joulkheda village. The village is located in the Multai police station area of Betul.

The police initially have registered a case against six individuals in connection with this incident. The Multai Additional Sessions Court on Tuesday announced the verdict on the case, bringing an end to the long-standing legal proceedings.

Jail and fine for the guilty

The final decision of the court found several key players guilty in the case. The mastermind, Abhishek Ratnam received a prison of 10 years and a fine of Rs. 80 Lakh. Vinay Ojha, who was the branch manager at the bank during the time of the incident, received seven years of jail. He was also fined Rs. 7 lakh.

Two brokers connected with the bank, Dhanraj Pawar and Lakhan Hingwe, were sentenced to seven years of imprisonment and fined Rs 7 lakh each. Public prosecutor Rajesh Sable said that during the investigation it was found that the embezzlement was carried out using the passwords of bank officials.

During the investigation, the bank’s cashier Dinanath Rathore passed away. Additionally, trainee branch manager Nilesh Chatrole, whose ID and password were misused was found not guilty in the case.

Advocate Vishal Kodale said that mastermind Abhishek Ratnam and Vinay Ojha with the help of the agents opened fake accounts and embezzled Rs 1.25 crore. The court has sentenced all four individuals involved in this case, while the trainee branch manager whose ID and password were misused by the accused has been acquitted of all charges.