India News | Guj: CBI Court Sentences 5 to 3 Years in Jail for Central Excise Fraud
Get latest articles and stories on India at LatestLY. A special CBI court sentenced five people to three years in jail in a case of cheating the Central Excise to the tune of Rs 12.85 crore, an official said on Friday.
Ahmedabad, Aug 6 (PTI) A special CBI court sentenced five people to three years in jail in a case of cheating the Central Excise to the tune of Rs 12.85 crore, an official said on Friday.
The special court convicted Vashu Ramsinghani, chairman-managing director of Mumbai-based Rama Newsprint & Papers Ltd, senior vice president of the company Chhotu U Murgtani, deputy manager Rachna M Gwalani and assistants Rajesh M Pherwani Ram Charan R Bharaddwaj, a CBI release said.
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The court also imposed a fine of Rs 2 lakh on each of the accused and a fine of Rs 5 lakh on the firm.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)