A special court on Wednesday awarded three year jail terms to two senior officials of Delhi-based Rathi Steel and Power Ltd. (RSPL) who were found guilty of illegal allocation of Chhattisgarh’s Kesla North coal block.
The three, including RSPL were convicted in the case on Tuesday. On Wednesday, Pradeep Rathi, Managing Director, RSPL, and Chief Executive Officer Udit Rathi, were sentenced to three years in jail. Additional General Manager Kushal Aggarwal, was sentenced to two years behind bars.
The court also slapped a fine of Rs. 50 lakh against the company and Udit Rathi, and a fine of Rs. 25 lakh against Pradeep Rathi, and Rs. 5 lakh against Kushal Aggarwal.
On Tuesday, Special CBI judge held the firm and its officials guilty of offences including cheating (section 420) and criminal conspiracy (section 120-B) of the IPC. “I am holding you all guilty,” the judge said and ordered that the convicts be taken into custody.
The court has put up the matter for hearing on arguments on sentence for later in the day. The court had earlier framed charges against RSPL and its three officials for the alleged offence of criminal conspiracy read with cheating under the IPC, observing that they had conspired and furnished wrong information to get coal block and misappropriated nationalised natural resources.
Senior Public Prosecutor V.K. Sharma requested the court to award maximum punishment to the convicts.
Defence counsel of the accused sought leniency on the basis of their good conduct during the trial.
The Central Bureau of Investigation (CBI) had charge-sheeted the company and the three officials following an FIR against the company and its CEO registered on June 19, 2013.