Special court to try Indian Bank scam cases

NEW DELHI, SEPT. 15. The Centre has sanctioned a special designated court in Chennai to try the 25 cases relating to the Indian Bank scam which involves the bank's former CMD Mr. M. Gopalakrishnan and 28 others.

``An additional special court has been sanctioned to primarily deal with Indian Bank cases,'' the CBI director, Mr. R. K. Raghavan said today.

He, however, said it did not prevent the court from trying other cases of CBI's anti-corruption branch. ``But it will mainly handle Indian Bank scam cases'', he said.

The CBI had registered 25 cases in the scam, 14 of which were against the chairman of the MVR group of companies, Mr. M. V. Raju.

The CBI had alleged that Mr. Gopalkrishnan and other officials had entered into criminal conspiracy during 1994-95 and cheated the bank with forged documents.

The agency said investigations revealed that the conspiracy was done by overlooking all norms and procedures of banking. Mr. Raghavan said that in order to ensure speedy disposal of corruption cases three more special courts had been set up in Mumbai.

As many as three courts in Delhi and one in Gandhinagar had been sanctioned.

- PTI

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