Top News
GOP Judiciary Committee gives counteroffer to Ford testifying against Kavanaugh  ||   Step inside the 2018 Great American Beer Festival  ||   CBI chief Alok Verma, special director Rakesh Asthana in ugly public spat  ||   Tiger Tracker: Follow Tiger Woods' Friday round shot-by-shot at the Tour Championship  ||   Nine questions for NFL Week 3: Will Patrick Mahomes stay red hot?  ||   Cleveland goes wild over Browns first win in 635 days  ||   Medal of Honor: Heroic combat medic to receive nation's highest military honor  ||   Monaco's poor start continues with home draw against Nimes  ||   Velvet Donkeys and Texas Razzlesnakes: Inside America's biggest beer festival  ||   Trump changes tone on Brett Kavanaugh's accuser, asks why she waited to bring sexual assault allegation  ||   No. 3 Clemson looks for complete performance vs Georgia Tech  ||   Stuttgart again fails to score in draw with Duesseldorf  ||   Driver gets 16 years in crash that killed Colts' Edwin Jackson  ||   Cars.com Editor Matt Schmitz Provides Tips for Safe Tires  ||   Trump changes tone on Brett Kavanaugh's accuser, asks why she waited to bring sexual assault allegation  ||   Dashcam captures close call of TX officer, driver   ||   Hollande remarks set off fresh Rafale crossfire  ||   A third of foster children on psychotropic drugs in some states received no oversight, study finds  ||   12 more women come forward in sex assault case against surgeon in Bravo TV reality show  ||   Tiger Tracker: Follow Tiger Woods' Friday round shot-by-shot at the Tour Championship  ||            

CBI court sentences former PM's kin in Urea scam, fine two Turkish nationals Rs 100 crore eac  2 Months ago

Source:   Times Of India  

NEW DELHI: A Special CBI Court in Delhi on Thursday sentenced former Prime Minister Narasimha Rao's nephew - B Sanjeeva Rao for three years rigorous imprisonment (RI) with a fine of Rs 1 crore; two Turkish nationals - Tuncay Alankus and Cihan Karanchi for 6 years RI with a fine of Rs 100 crore each and others in Rs 133 crore Urea Scam.

Others sentenced by Special CBI court include - C K Ramakrishnan (former CMD of National fertilizer Limited), D S Kanwar (former executive director - marketing - NFL), both to undergo 3 years of Rigorous Imprisonment with fine of Rs 6 lakh each, one M Sambasiva Rao for 3 years RI with fine of Rs 5 crore, Prakash Chand Yadav for 3 years RI with fine of Rs 1.01 crore and D Mallesham Gaud to undergo 3 years RI with fine of Rs 5 crore.

CBI had registered a case (known as Urea Scam Case) on May 19, 1996, against CK Ramakrishnan and others. It was alleged that accused persons entered into criminal conspiracy and cheated National Fertilizer Limited to the Tune of Rs 133 Crore. In furtherance of conspiracy accused Tuncay Alankus of Turkey signed a contract dated January 9, 1995 to supply 200000 MT of urea @ US$ 190 MT on prepayment of 100% price about $38 million equivalent to Rs 133 Crore(approx). Tuncay Alankus received $380000 on November 2, 1995 as advance for insurance purpose and $37.62 million from NFL on November 14, 1995 which was credited in the account of M/s Karsan Ltd on November 29 at Pictet Bank, Geneva, Switzerland but they did not supply urea to NFL.

CBI had filed a chargesheet in the matter in 1997.
More News
About Us Terms & Conditions Disclaimer
Advertise Contact
register and win

NRIS.COM is one of the premier NRI website that provides a range of resourceful services to Indian expats residing in the USA. Visiting the site you will find comprehensive information related to restaurants, casinos, pubs, temples, carpool, movies, education, real estate, and forums. The simple and easy to navigate format allows NRIs to gain information within a fraction of a second. Moreover, advertising through its column of Indian free classifieds in USA allow businesses to improve visibility of their brand.

DE NRI's Chat (0 Users Online)