The Special Judge for CBI Cases, Chennai has convicted Shri Rajesh Kataria, then Managing Director & his firm M/s Kataria Exports, Chennai and three officers of Dena Bank i.e. Shri M.V. Venkata Krishnan, then Branch Manager; V. Ramasamy, then Branch Manager; Shri T.R.V. Dixit, then Chief Manager for causing a loss ofRs.2,71,44,564/- to the Bank. The Trial Court sentenced Shri Rajesh Kataria, then Managing Director to undergo one year Rigorous Imprisonment with fine of Rs.10 Lakh and other three bank officers to undergo six months Imprisonment with fine of Rs.30,000/- each.  A fine of Rs. 50,000/- was also imposed on M/s Kataria Exports, Chennai(a private firm).

            CBI had registered the case against Shri Rajesh Kataria, Managing Director, M/s Kataria Exports, Chennai; Director, M/s Kataria Exports, Chennai; Shri M. Venkata Krishnan, Branch Manager, Dena Bank, Vellore; Shri V. Ramasamy, Branch Manager, Dena Bank, Vellore, Shri T.R.V. Dixit, Chief Manager, Dena Bank, T.Nagar, Chennai and M/s Kataria Exports represented by its MD on the allegations that during the period 1999-2000, the accused persons entered into a criminal conspiracy to cheat Dena Bank for sending the original Foreign Currency Non Resident(FCNR) deposit receipts to the depositors abroad. Both the MD and Director of said private firm had raised loan on the said FCNR deposits with the forged signatures of the depositors without their consent. The bank officials sanctioned loans based on the fabricated documents containing forged signatures of the depositors. Shri Rajesh Kataria, then MD of said firm had withdrawn the money through SB account and current accounts opened by him in his name & in the name of M/s Kataria Exports, Chennai. A loss of Rs 2,71,44,564.61(approx) was caused to Dena Bank.

            A charge sheet was filed against the said accused persons U/s 120-B r/w 420, 201, 467 r/w 471, 468 r/w 471 IPC and Section 13(2) r/w 13(1)d of PC Act 1988.  During trial, the Director of said private firm expired and charges against him were abated.