A Ghaziabad court has convicted Manisha Devi in a major bank loan fraud case, handing her a prison sentence of three years, five months, and 15 days, plus a Rs 50,000 fine. The ruling came from the Special Judge at the CBI Court on Wednesday.
The Central Bureau of Investigation (CBI) first took up the case back on September 13, 2017. They accused Manisha Devi and her husband, Kapil Kumar, of criminal conspiracy in a scheme to cheat Canara Bank—then known as Syndicate Bank—in Ghaziabad. Manisha applied for a loan using incomplete documents and got Rs 99 lakh approved in her name. Her husband then used forged papers to buy a plot, and they withdrew Rs 96 lakh from the account. Instead of following loan rules, they misused the money, causing the bank a whopping loss of Rs 1.17 crore.
CBI filed charges against Manisha and others, including public and private individuals, on December 23, 2021. On September 9, 2025, Manisha pleaded guilty in front of the Special CBI Anti-Corruption Court in Ghaziabad. The judge accepted her plea and delivered the conviction and sentence right away.
This case shows the CBI’s determination—even after nearly eight years of investigation, they pushed hard to hold fraudsters accountable in bank loan scams.
In a similar move, a CBI court in Lucknow sentenced a Bank of India official and two private individuals to three years in jail each, along with Rs 1.25 lakh fines, just a day earlier. The trio—Pankaj Khare, the deputy chief manager, Rajesh Khanna, and Shamshul Haq Siddiqui—got convicted for a fraud from 2004 to 2006 that cost the bank Rs 6.80 crore. CBI had registered that case in 2008 based on the bank’s complaint. These rulings highlight the ongoing crackdown on financial crimes in India.
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