Court frames charges against ex-NALCO CMD, wife

Image
IANS New Delhi
Last Updated : Jan 21 2016 | 7:59 PM IST

A CBI court on Thursday framed charges under the Prevention of Corruption Act against NALCO's former CMD Abhay Kumar Srivastava and his wife for allegedly acquiring assets of over Rs.2 crore, disproportionate to his income.

Central Bureau of Investigation (CBI) Special Judge Vinod Kumar fixed March 17 for commencing trial against the former National Aluminium Company Ltd. (NALCO) official and his wife Chandini.

The court also framed charges of abetment under the Indian Penal Code.

After they pleaded not guilty and claimed trial, the court listed the matter for March 17 for recording of statements of prosecution witnesses.

The CBI has alleged that Srivastava, a public servant from May 3, 2001 to February 25, 2011, had acquired huge immoveable and moveable assets disproportionate to the extent of Rs.2,29,49,746 to his known sources of income.

Regarding his wife, the probe agency said she had abetted the commission of offence by Srivastava.

*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: Jan 21 2016 | 7:50 PM IST

Next Story