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Urea scam: CBI court imposes Rs 100 cr penalty on 2 Turkish nationals; kin of ex-PM, ex-minister among convicted

Press Trust of India  |  New Delhi 

A special court today imposed one of the highest penalties in corruption cases - Rs 100 crore - on two Turkish nationals in the 23-year-old Rs 133 crore urea scam case and sentenced them to six years of rigorous imprisonment along with the kin of a former and an ex-Union minister, officials said.

Along with Turkish nationals Tuncay Alankus and Cihan Karanci, both former executives of Karsan Ltd, the also convicted company's Indian M Sambasiva Rao, former CMD of National Limited (NFL) C K Ramakrishnan, former Dilbag Singh Kanwar, D Mallesam Goud, former Union Ramlakhan Singh Yadav's son and former P V Narasimha Rao's relative Sanjeeva Rao in the case, they said.

The court sentenced and Kanwar to three years of imprisonment and imposed Rs 6 lakh fine, Sambasiva Rao to three years of imprisonment and Rs 5 crore fine, Goud to three years imprisonment and Rs 5 crore fine, Sanjeeva Rao to three years jail and Rs one crore fine, and Yadav to three years jail and Rs one crore fine, said.

The had registered the urea scam case on May 19, 1996 against on the allegations that the accused persons entered into criminal conspiracy and cheated the National Limited to the tune of Rs. 133 crore, officials said.

"In furtherance of conspiracy accused Tuncay Alankus of signed a contract dated January 9, 1995 to supply 200000 MT of urea at the rate of USD 190 per MT on pre payment of 100 per cent price which was about USD 38 million equivalent to Rs. 133 Crore(approx)," the agency said.

Alankus received USD 3,80,000 on November 2, 1995 as advance for and USD 37.62 million from on November 14, 1995 which was credited in the account of on November 29, 1995 at Pictet Bank, Geneva, but they did not supply urea to

The agency filed the charge sheet in 1997.

It was alleged that Alankus dishonestly transferred the amount in various foreign banks and in the account of Karanci. Indian accused had received the money through hawala channel.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, July 12 2018. 22:07 IST