A CBI court in Indore has convicted 13 people in a bank fraud case involving forged property documents, fictitious identities and allegedly fraudulent loan facilities that caused a loss of more than ₹3 crore to UCO Bank. All 13 accused were sentenced to five years of rigorous imprisonment, with a total fine of ₹1.56 lakh.
13 accused sentenced to five years in prison
The CBI Court in Indore delivered the judgment on August 29, 2026, convicting Anil Patel, Manmohan Yadav, Kailash Yadav, Mona Yadav, Deepak Yadav, Ashish Patel, Tulsiram Yadav, Mohan Yadav, Rajani Yadav, Sandeep Yadav, Satish Patel (Patil), Kalpana Patel and Radha Yadav.
The court sentenced each of the accused to five years of rigorous imprisonment in the bank fraud case. A combined fine of ₹1.56 lakh was also imposed on them.
The case dates back to March 30, 2012, when the Central Bureau of Investigation registered it following a complaint received from the Deputy Zonal Manager of UCO Bank in Indore.
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How the alleged bank fraud was carried out
According to the CBI, the accused acted in pursuance of a criminal conspiracy to obtain loan facilities by mortgaging land that actually belonged to third parties at different locations.
Investigators alleged that the accused showed the valuers different properties using fictitious identities. Forged sale deeds were also submitted by forging the signatures of a Sub-Registrar, while fake Sub-Divisional Officer revenue diversion orders were allegedly used to induce the bank into sanctioning loans.
The alleged fraudulent transactions caused a wrongful loss of more than ₹3 crore to UCO Bank, according to the agency.
CBI filed 10 chargesheets after investigation
Following its investigation, the CBI filed 10 chargesheets on December 20, 2013.
The court subsequently took cognisance and began trial proceedings in 10 cases arising from the case registered by the CBI in 2012.
After completion of the trial, the court convicted all 13 accused and sentenced them to five years of rigorous imprisonment, bringing the long-running bank fraud proceedings to a conclusion.
