A special court here has acquitted former Union Minister P.K. Thungon in a two-decade-old disproportionate assets (DA) case, court sources said on Monday.
Central Bureau of Investigation (CBI) Special Judge Pitamber Dutt acquitted Thungon of the charges levelled against him and said that "the prosecution has not succeeded in proving offence under of the Prevention of Corruption Act".
The CBI had chargesheeted Thungon for possessing assets disproportionate to his known sources of income to the tune of Rs 1,08,16,532 between June 1991 and April 1996, when he was the Minister of State in Ministry of Urban Affairs and Employment. The CBI said that he could not furnish any satisfactory explanation regarding this income.
"The prosecution has failed to prove on record that accused Thungon was found in possession of assets which was disproportionate to his known sources of income," the court said in its May 6 order.
"I am of the considered view that the prosecution has failed to prove on record beyond reasonable doubt that accused Thungon was having disproportionate assets to the tune of Rs 1,08,16,532 beyond his known sources of income, which he could not explain satisfactorily," the judge said.
Defence counsel Harsh Sharma and Vaibhavi Sharma said the prosecution had miserably failed in proving charges against Thungon, as he had sufficient income from horticulture and agriculture as well as from his dairy business, which had not been taken into consideration.
--IANS
akk/nir/dg
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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
