Coal scam: JIPL directors Rungtas get 4 years jail, to pay Rs 5 lakh fine each
New Delhi: A special court today awarded four year jail term to Jharkhand Ispat Private Limited (JIPL) directors R C Rungta and R S Rungta in a coal block allocation scam case.
Special CBI Judge Bharat Parashar, who delivered the first judgement in coal scam, also imposed Rs five lakh fine on each of the convicts held guilty for deceiving and defrauding the government to bag a coal block in Jharkhand.
The court also imposed a fine of Rs.25 lakh against Jharkhand Ispat Pvt. Ltd. (JIPL).
The court last week convicted JIPL and its directors R.S. Rungta and R.C. Rungta for the offence of cheating and criminal conspiracy under the Indian Penal Code (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.
The Rungtas, who are already in judicial custody, were present in the courtroom when the sentence was pronounced.
Besides this case, 19 other cases investigated by the Central Bureau of Investigation (CBI) are pending before the court, set up to exclusively deal with all the coal scam matters.
Two other cases probed by the Enforcement Directorate are also pending before the court.
(With IANS inputs)