CBI court awards 3 years imprisonment, Rs 50L fine to Binay Prakash in coal block scam

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The special court of Arun Bhardwaj, New Delhi has awarded three years of rigorous imprisonment and a fine of Rs  50 lakh to Binay Prakash, the then managing director and proprietor of Jharkhand based M/s Domco Smokeless Fuels Pvt. Ltd in the coal block allotment scam case.

To other convict Vasant Diwakar Manjrekar (director of company) the court awarded three years of rigorous imprisonment and a fine of Rs 20 lakh. Paramananda Mondal is the director of the company whom the court awarded three years of rigorous imprisonment and a fine of Rs 10 lakh. Similar punishment was awarded to Sanjay Khandewal, who is a Kolkata based chartered accountant.

Earlier on Tuesday, the court had held all four as well as the company for committing crime and observed that guilty persons had hatched systematically conspiracy to cheat both the ministry of coal and steel to secure allocation of the…

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