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Consumer forum sends SBI officer, staffer to jail

July 7, 2010 By Legal Solutions

The District Consumer and Redressal Forum, UT, on Monday ordered imprisonment of an assistant manager of the State Bank of India and another employee of the bank for not complying with its orders and refund an amount deposited by a city based complainant.
According to the original complaint, Virain Sandhu, a resident of Sector 18, had alleged she was approached by the SBI Assistant Manager Amarjeet Singh and Anil Pahwa of the IOR department, Sector 17 branch, to invest money in the Sarb Bank Employee and OUSET & C Society, Phase XI, Mohali, and assured to give returns at 16 per cent per annum. The complainant had alleged she invested Rs 6.14 lakh on May 16, 2004, in the form of FDR and the same was renewed from time-to-time. The complainant continued to receive interest till April 16, 2006, and thereafter she requested Singh and the Society to pay principal amount plus interest but the same was not acceded.
Report @ http://www.indianexpress.com/news/Consumer-forum-sends-SBI-officer–staffer-to-jail/642777

Filed Under: Banking, Consumer Cases, Consumer Law Tagged With: Chandigarh, Consumer Court, Execution Order, State Bank Of India

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