After more than a decade of legal proceedings and a verdict has finally come out in the Bank of Maharashtra embezzlement case that occurred in Betul, Madhya Pradesh. Four people, including Vinay Ojha, the father of former cricketer Naman Ojha, have been awarded imprisonment for their involvement in the crime.

2013 Embezzlement Scheme

In 2013, a major cheating of Rs 1.25 crore was detected at the Bank of Maharashtra’s Joulkheda branch in the Multai police station area of Betul. Six persons were involved in the fraud, which came to light after an investigation. The judgment of the court was made public on Tuesday by the Multai Additional Sessions Court, which pronounced its verdict in this high-profile case.

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Who’ll Have Been Sentenced?

The mastermind of the scam, Abhishek Ratnam, got the maximum sentence, a 10-year imprisonment term, and fine of Rs 80 lakh. Vinay Ojha was an assistant manager at that time who got convicted with seven years imprisonment term and fine of Rs 7 lakh. Dhanraj Pawar and Lakhan Hingwe, who were two brokers, got seven years imprisonment term along with fine of Rs 7 lakh.

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The Role Of Bank Officials In The Fraud

The embezzlement was done through the passwords of bank officials. Abhishek Ratnam used all these credentials to open multiple fake accounts and withdraw hundreds of thousands of rupees. Vinay Ojha was working in the bank when the fraud was committed; he was arrested during an investigation. The court agreed that there was enough proof against him, even considering the tragic death of key witness Dinanath Rathore, cashier of that bank.