The Baripada Special Vigilance Court on Wednesday awarded one year of imprisonment to former Baripada MLA Bimal Lochan Das in connection with a financial offence he had committed on September 20, 2009.
According to reports, the Court convicted the 78-year-old Das and eight others in the case.
Apart from handing over him the jail term, the Court asked the former legislator to pay a fine of Rs 16 lakh.
As per the verdict of the Court, the other accused will have to be behind the bar for a period of one year and pay Rs 1 lakh each.
Earlier in 2012, the court of the Baripada Chief Judicial Magistrate had sentenced Das to two years’ rigorous imprisonment and slapped a fine of Rs 25,000.
It is alleged that Das violating the bank’s rules of business and guidelines of the Reserve Bank of India, had sanctioned loans worth Rs 7 crore to different persons during his tenure as president of the Baripada Urban Co-operative Bank event tough the latter produced fake documents.
Ms Kalinga