Case Law Analysis
|Madras High Court
Section 120B IPC & PC Act | Branch Manager Liable for Loan Fraud via Forged Pre-Sanction Reports : Madras HC
Madras HC rules that a bank branch manager can be prosecuted for criminal conspiracy under IPC and the Prevention of Corruption Act for submitting forged pre-sanction inspection reports, even if loan sanction authority lies elsewhere. The court held that facilitating fraudulent disbursement through false documentation constitutes prima facie criminal liability, rejecting the manager’s discharge plea.