https://www.taxtmi.com/caselaws?id=96842 Where evidence showed fictitious borrowers, loan papers prepared under the appellant's direction, and bank funds diverted through fabricated promissory notes, conviction for criminal breach of trust, forgery, and using forged documents as genuine was sustained and the sentence was not shown to be excessive. Because the misappropriated money belonged to the bank and the bank was in liquidation, any fine recovered was held payable to the liquidator for distribution among all creditors, not to a single complainant. The conviction and substantive punishment were confirmed, but the destination of the fine was modified accordingly. en-us Thu, 28 Nov 1940 00:00:00 +0530 Wed, 11 Jan 2012 15:20:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=96842 Where evidence showed fictitious borrowers, loan papers prepared under the appellant's direction, and bank funds diverted through fabricated promissory notes, conviction for criminal breach of trust, forgery, and using forged documents as genuine was sustained and the sentence was not shown to be excessive. Because the misappropriated money belonged to the bank and the bank was in liquidation, any fine recovered was held payable to the liquidator for distribution among all creditors, not to a single complainant. The conviction and substantive punishment were confirmed, but the destination of the fine was modified accordingly. Case-Laws Companies Law Thu, 28 Nov 1940 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=96842