Lucknow: In a decisive blow against banking corruption, the Special CBI Court (West) in Lucknow delivered an order on Tuesday, convicting two retired State Bank of India officials and a Lucknow-based infrastructure firm in a fifteen-year-old fraud that siphoned off 5.7 crore rupees from public coffers.

Retired deputy manager Subhash Chandra Aggarwal and former desk officer Joy Chakravarti, both posted at SBI’s main branch and local head office, were each sentenced to three years of rigorous imprisonment and slapped with a fine of thirty thousand rupees.

The third convict, Addyapolo Projects Private Limited, faced a corporate penalty of ten lakh rupees. The company’s director, Kranti Kumar Singh, who masterminded the scam, escaped earthly justice by passing away mid-trial.

The conspirac

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