Mastermind Behind ₹10 Lakh Cheque Fraud Sentenced to 1 Year Jail, Fined Over ₹12 Lakh in Shivpuri
Shivpuri, Madhya Pradesh: In a significant verdict on cheque bounce and fraud, the First Class Judicial Magistrate, Pratyaksha Kulesh, has sentenced a man to one year rigorous imprisonment and fined him ₹12.14 lakh for taking a loan of ₹10 lakh, issuing cheques, and then closing his bank account to avoid repayment.
Case Background
The accused, Prateek Khandelwal, a resident of Sadar Bazaar, Shivpuri, borrowed ₹10 lakh from Manish Agrawal on 19 August 2022 to meet personal and business expenses. As repayment, Prateek issued four cheques of ₹2 lakh, ₹3 lakh, ₹3 lakh, and ₹2 lakh.
However, when Manish Agrawal deposited these cheques in his bank, they were returned unpaid due to the closure of the accused’s bank account. Despite sending legal notices through his advocate, Gajendra Sin...









