Coal case: Court convicts RSPL, three officials

Image
IANS New Delhi
Last Updated : Jul 26 2016 | 3:28 PM IST

A special court on Tuesday convicted Delhi-based firm Rathi Steel and Power Ltd. (RSPL) and three officials for illegal allocation of Chhattisgarh's Kesla North coal block to the company.

Special Judge Bharat Parashar convicted the company and its CEO Udit Rathi, Managing Director Pradeep Rathi and Assistant General Manager Kushal Aggarwal under various charges dealing with criminal conspiracy and cheating.

The court ordered they be taken into judicial custody and fixed Wednesday for hearing.

Senior public prosecutor V.K.Sharma requested the court to award maximum punishment to the convicts for committing an economic offence.

Defence counsel of the accused has 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.

An FIR against the company and its CEO was registered on June 19, 2013.

--IANS

akk/ksk/bg

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 26 2016 | 3:18 PM IST

Next Story