India News | CBI Court Awards Rigorous Imprisonment to Cotton Corporation Official and His Wife in Disproportionate Assets Case
Get latest articles and stories on India at LatestLY. The Central Bureau of Investigation (CBI) Court in Hyderabad has convicted and sentenced the accused Majeti Venkata Bhavani Prasad, the then Cotton Purchase Officer in Cotton Corporation of India, to Rigorous Imprisonment (RI) for Five Years with a fine of Rs. One Lakh.
Hyderabad (Telangana) [India], September 12 (ANI): The Central Bureau of Investigation (CBI) Court in Hyderabad has convicted and sentenced the accused Majeti Venkata Bhavani Prasad, the then Cotton Purchase Officer in Cotton Corporation of India, to rigorous imprisonment for five years with a fine of Rs one lakh.
The court also sentenced his wife, Majeti Priyanka, to four years of rigorous imprisonment and imposed a fine of Rs 50,000 in a Disproportionate Assets (DA) case, according to a CBI release.
The CBI registered the instant case on November 3, 2016. It was alleged that the accused Majeti Venkata Bhavani Prasad, abetted by his wife Priyanka, while working as Cotton Purchase Officer in the Cotton Corporation of India, Warangal.
During the check period between January 1, 2010, and February 21, 2015, he had assets and pecuniary resources to the tune of Rs. 94,17,371 in his name and in the names of his family members, which are disproportionate to the tune of 291.73% to his known sources of income, which he could not satisfactorily account for, as per the release.
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After completion of the investigation, the CBI filed a charge sheet against the accused on May 7, 2018.
The Court, after the trial, convicted and sentenced the accused persons accordingly.
The case pertains to the alleged possession of disproportionate assets during Bhavani Prasad's tenure as Cotton Purchase Officer at the Cotton Corporation of India, Warangal. (ANI)
(The above story is verified and authored by ANI staff, ANI is South Asia's leading multimedia news agency with over 100 bureaus in India, South Asia and across the globe. ANI brings the latest news on Politics and Current Affairs in India & around the World, Sports, Health, Fitness, Entertainment, & News. The views appearing in the above post do not reflect the opinions of LatestLY)