Virtually 24 years after the case was registered, a particular CBI courtroom in Mumbai has discovered the now-defunct East West Airways and its director together with one other individual responsible of dishonest the Indian Oil Company Ltd (IOCL) of Rs 1.73 crore.
Particular choose S U Wadgaonkar held them responsible of offenses underneath related sections of the IPC for dishonest in addition to the Prevention of Corruption Act on Tuesday. The detailed order grew to become accessible on Wednesday.
A case had been registered towards 9 individuals, however 4 of them died in the course of the trial. On Tuesday, the courtroom convicted airline’s director Faizal Wahid and former financial institution official Jayanand Shetty whereas others have been acquitted for need of proof.
The courtroom additionally imposed a tremendous of Rs 25,000 on the airline which ceased operations a few years in the past. Shetty was sentenced to at least one 12 months’s imprisonment, whereas Wahid was awarded a six months’ jail time period.
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