Three sentenced to three years for bank fraud

A Hyderabad court sentenced three individuals, including a construction company owner, to three years in prison for a Rs 10 crore bank fraud. They were also fined Rs 30,000. The case involved Siva Constructions and two associates who submitted false documents to obtain credit from IDBI Bank. The CBI began the investigation in August 2013 after a complaint from the bank. The court found the accused guilty after a trial, following a chargesheet filed by the CBI in June 2014.