CBI Court Convicts Ex-BOI Official, Others in ₹3 Crore Cheating Scheme

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CBI Court Convicts Ex-BOI Official, Others in Rs 3 Crore Cheating Case

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News18•18-03-2026, 19:45

CBI Court Convicts Ex-BOI Official, Others in Rs 3 Crore Cheating Case

•A special CBI court sentenced four individuals in a 2012 Bank of India cheating case involving a forged Letter of Credit.
•Harit Mehta and Abhay Mehta of Infinity Transmission received five years imprisonment and hefty fines (Rs 3.50 crore and Rs 1 crore respectively).
•Former BOI senior manager Manojkumar Mathur and Ilesh Shah were sentenced to three years in jail with Rs 50,000 fine each.
•The accused were found guilty under IPC sections 420 (cheating), 467 (forgery), and 120-B (criminal conspiracy).
•The forged LC caused Bank of India a loss of Rs 3.4 crore after funds were remitted to Infinite Transmission and subsequently withdrawn.

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