Pune, Feb 20 (TIWN) A special CBI court here has sentenced, to 10 years rigorous imprisonment, a former branch manager of the Bank of Maharashtra for causing a loss of Rs 2.56 crore to the bank.

A fine of Rs 24 lakh was also slapped on Shaliwahan Solegaonkar.

Another accused Rakesh Jadhav was given a three year term of rigorous imprisonment and a Rs 10,000 penalty.

The scam was committed between 2009-2017.

The CBI filed a case in June 2018 following allegations that Solegaonkar - who had worked in five different branches of the BoM in Pune - had conspired with Jadhav and others to fraudulently dupe the bank of over Rs 2.56 crore.

Solegaonkar had been working in different capacities with BoM from clerk to deputy manager to manager at the Sahakarnagar, Lavale, Lasurne, Hadapsar and Talegoan branches.

During his posting, he transferred various amounts from the BoM''s Bank General Ledger (BGL) to the Savings Accounts maintained by Jadhav at the Sahakarnagar Branch.

From there it was transferred to Solegaonkar''s person Savings Account at the Vadgaon-Budruk and Sahakarnagar branches, which amounted to a fraud.

After investigations, the CBI had filed five charge sheets against the accused before the Pune Special CBI Court in December 2018, invoking various sections of Indian Penal Code and the Prevention of Corruption Act.