29 yrs on, law catches up with fraudster

Mar 31, 2012 - V.P. RAGHU |

chennai

Tags:

crime

The long arm of the law caught up with a bank manager who swindled money though fake bank loans in 1983 after 29 years with the CBI sending him to jail recently.

C.T Nachiyappan, a former manager of an IOB branch in Salem, was in 1992 sentenced to two years in jail by a court in Coimbatore, after the CBI registered a case against him in 1985 in connection with the swindling of Rs 18,000. Nachiyappan went in appeal to the high court and the Supreme Court.

Both the courts had upheld the verdict against him, but the CBI did not receive information about the dismissal of his petition by the apex court because of a communication gap.

“The Supreme Court had dismissed his petition but we did not know of the status of the case,” a CBI official noted.

“However, we received a petition saying that he had dodged the jail term. So we tracked him down and sent him, to Puzhal jail,” he said.

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