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A special court has convicted Jharkhand Ispat Pvt Ltd and two of its directors R S Rungta and R C Rungta in the coal block allocation scam case.
The two directors have been convicted of criminal conspiracy and cheating under the Indian Penal Code (IPC).
The court ordered that the two be taken into custody. The court has fixed March 31 for hearing arguments on the quantum of the sentence in the case.
Jharkhand Ispat Pvt Ltd (JIPL) and its two Directors were facing trial in a case of allotment of a coal block in Jharkhand.
Special CBI Judge Bharat Parashar had on March 21 fixed the matter for Monday for pronouncing the verdict.
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This is the first case in coal block allocation scam in which the Special Court, exclusively dealing with all the related matters, is to pronounce its verdict.
JIPL and the two directors are accused of acquiring the coal block on the basis of false and forged documents.
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The court had on March 21 last year framed charges against them for the alleged offences punishable under sections 120-B (criminal conspiracy) read with 420 (cheating), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating) and 471 (using a forged document as genuine) of IPC.
All the accused had pleaded not guilty and claimed trial, while refuting the allegations levelled against them by CBI.
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On December 23 last year, the court had dismissed R S Rungta’s plea to summon former Prime Minister Manmohan Singh and ex-Minister of State for Coal Dasari Narayan Rao as defence witnesses in the case.