📷 Image: Wikimedia Commons / NorbertNagel
Crime
Former Bank Manager Sentenced to 4 Years for Rs 44 Lakh Embezzlement in Ratlam
✍️ Amar Ujala · Madhya Pradesh
🗓 30 Jun 2026, 05:01 PM
👁 2
A former branch manager has been sentenced to four years of rigorous imprisonment in Ratlam for embezzling Rs 44.46 lakh from the Central Bank of India. The conviction pertains to a case of fraud at the bank's Badavada branch.
In Ratlam, Madhya Pradesh, a former branch manager of the Central Bank of India has received a four-year sentence of rigorous imprisonment. The conviction stems from a significant embezzlement case involving a sum of Rs 44.46 lakh.
The verdict was delivered by the Prevention of Corruption Act court. The former manager, identified as Neville Kavarana, was found guilty of misappropriating the substantial amount from the bank's branch located in Badavada.
Following the court's decision, the former bank manager was taken into custody and will serve his sentence as ordered. The case highlights serious financial irregularities within the banking sector.
The verdict was delivered by the Prevention of Corruption Act court. The former manager, identified as Neville Kavarana, was found guilty of misappropriating the substantial amount from the bank's branch located in Badavada.
Following the court's decision, the former bank manager was taken into custody and will serve his sentence as ordered. The case highlights serious financial irregularities within the banking sector.