Two directors of the Jharkhand Ispat Private Limited – R C Rungta and R S Rungta have been ordered four years of imprisonment in a coal block allocation case by a special court on Monday.
Bharat Parashar, special CBI judge, has also imposed a fine of Rs. 5 lakh on each of the convicts. Besides this, the court has imposed fine on the company JIPL of Rs. 25 lakh. The two convicts have been taken into the custody and sent to Tihar jail. Mr. Parashar said, “Keeping in view the overall facts and circumstances of the case, coupled with the submissions made and the age of the convict persons, I am one of the considered opinion that the interest of justice will be suitably met if both the convicted persons are sentenced to rigorous imprisonments for a period of four years each.”
There are a number of coal scam cases going on in the court, out of which this is the first one to be considered. There are 19 coal scam related cases pending in the court.
The special court observed that JIPL Directors have deceived the government in allocating the North Dhadu coal block in Jharkhand to the firm. This is so far the first conviction in coal scam case. The two directors have been found guilty of cheating. It also said that the Rungtas has made false claims with the intention to deceive the government. In the 132 page judgement, the court had held that the “intention to defraud on the part of accused persons is writ large on the face of record”.
The infamous coal scam has caused the exchequer a loss of Rs. 1.86 trillion, according to the CAG (Comptroller and Auditor General of India). The Rungtas have claimed that the major offender was the company and not the individuals and the court should be slightly lenient towards them, by keeping in mind their age.
According to the Central Bureau of Investigation, JIPL has also misrepresented its position in front of the government to get the coal blocks.