MOHALI, Oct. 28 -- A local court on Monday sentenced 13 co-accused involved in a high-profile scam that caused a loss of Rs.45.74 lakh to the State Bank of Hyderabad, Ludhiana branch.

Two convicts were awarded rigorous imprisonment of one year and three months, while the remaining were sentenced to imprisonment till the rising of the court (TRC). The judgment was pronounced by special judge-II (CBI) Baljinder Singh Sra.

In 2003, the case was registered on the basis of written complaint of State Bank of Hyderabad, Ludhiana branch, alleging that the then branch manager SS Wadhwa along with other accused persons had abused his official position and sanctioned housing loans by flouting bank's norms, rules and regulations and without safegua...