CBI Court Sentences Former National Insurance Co. Ltd. Assistant to Five Years’ Rigorous Imprisonment in Cheating & Fraud Case

The Special CBI Court No. 06, Lucknow, has sentenced Shri Shiv Prasad Gupta, former Assistant at National Insurance Co. Ltd., Sultanpur, to five years of Rigorous Imprisonment (RI) along with a fine of ₹55,000 in a case involving cheating and fraud.

Case Background:

• The CBI registered the case on 22 May 2002 against multiple accused, including Shiv Prasad Gupta.
• During 2000-01, Gupta conspired with unidentified individuals to fraudulently alter an account payee cheque meant for an agent’s commission.
• He converted it into a bearer cheque and withdrew the amount, causing a financial loss of ₹48,826.20 to National Insurance Co. Ltd., a Central Government PSU.

Investigation & Trial:

• After completing its investigation, the CBI filed a chargesheet on 31 July 2004.
• Following a detailed trial, the Court found Shiv Prasad Gupta guilty and sentenced him accordingly.

Current Status:

The convicted individual will now serve his sentence as per the Court’s directive.