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First verdict in Coal scam: Court to pronounce quantum of sentence to JIPL's directors April 4.

New Delhi: A Special CBI court will pronounce quantum of sentence to Jharkhand Ispat Private Limited (JIPL) directors RS Rungta and RC Rungta on April 4 at 2.30 pm.

The special court had on March 28 held JIPL and its two Directors guilty of various charges including deceiving and defrauding the government to bag a coal block in the state.

The court convicted JIPL and its directors R S Rungta and R C Rungta for the offence of cheating and criminal conspiracy under the IPC, observing that they had "fraudulently" and with a dishonest intention "deceived" the government in allocating the North Dhadu coal block in Jharkhand to the firm.

In its 132-page judgement, the court held that the "false representation" by the convicts "continued to hold ground even when the file containing recommendation of Screening Committee went to Minister in Charge, Coal, Government of India for final approval and thus it was primarily the Government which was deceived into making allotment of a coal block in favour of M/s JIPL while believing all such representations to be true, which in fact they were not."

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Publication:Daily the Pak Banker (Lahore, Pakistan)
Geographic Code:9INDI
Date:Apr 2, 2016
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