Cashier jailed for 3 years for misappropriation

November 14th, 2008 - 10:04 pm ICT by IANS  

Chennai, Nov 14 (IANS) A court here sentenced the cashier of an insurance company to three years’ rigorous imprisonment after convicting him of misappropriating funds, prosecution sources said Friday.Special Central Bureau of Investigation judge, A. Velu pronounced S.K. Sathappan, a former cashier in the National Insurance Corporation, guilty of misappropriating Rs.1.13 million on four occasions between 1996 and 2001 in Poonamalee, a northwest suburb here, the sources added.

A fine of Rs.1.12 million was also slapped on Sathappan.

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