Pune, July 7 -- A special CBI court in Pune has sentenced two proprietors of private companies to three years of rigorous imprisonment in a bank fraud case involving a wrongful loss of over Rs 5.5 crore to the erstwhile State Bank of Hyderabad, the Central Bureau of Investigation (CBI) said.

According to a CBI press release, the court on July 6 convicted Chandrakant Lodha, proprietor of M/s Chandrakant S. Lodha & Co., and Paresh Thakkar, proprietor of M/s Thakkar and Sons, in the case.

The CBI had registered the instant case on October 9, 2001, against B R Dagde, the then Branch Manager, State Bank of Hyderabad, V. L. Kale, the then Assistant Manager, State Bank of Hyderabad, Chandrakant Lodha and Paresh Thakkar, based on the complaint ...