Former depot manager sentenced to one year in prison for ₹1.23 crore fraud and misappropriation of company stock

A city court has convicted a former depot manager of a private company in a criminal breach of trust and cheating case involving the alleged misappropriation of company stock worth ₹1.23 crore.The VIII Additional Chief Judicial Magistrate’s Court at Nampally convicted M. Veera Venkata Krishna Rao, a former depot manager with M/s 3F Industries Ltd., in a case investigated by the Chaderghat police.The court sentenced him to one year simple imprisonment and imposed a fine of ₹10,000 after finding him guilty under various provisions of the Indian Penal Code relating to criminal breach of trust, cheating, forgery and criminal intimidation.The case was registered in 2017 following a complaint by an authorised representative of the company, which alleged that the accused had diverted company…

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