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.
