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New UserCoal block case: Rungtas sentenced to 4 years of rigorous imprisonment
05 Apr 2016
Stating that “white collar crimes” are “more dangerous to society than ordinary crimes” due to higher financial losses and “damages inflicted on the public morale”, a special court Monday sentenced Jharkhand Ispat Pvt Limited directors R C Rungta (79) and R S Rungta (60) to four years of rigorous imprisonment.
Awarding the first sentence in the coal block allocation cases, Special Judge Bharat Parashar also imposed a fine of Rs 25 lakh on the convicted firm, JIPL, in connection with the irregularities in the North Dhadu coal block in Jharkhand.
“It is on account of such unscrupulous businessmen and industrialists that despite 69 years of independence, our country is still lagging behind most countries in industrial/infrastructural development,” Parashar observed.
Source: Indianexpress