New Delhi, August 11, 2014: The Special Judge, CBI Cases, Rohini Courts, New Delhi has convicted Ravi Kumar Bharti, then Deputy Manager, Punjab National Bank, Shalmar Bagh, Delhi U/s 13(2) r/w 13(1)(e) of PC act 1988 in disproportionate assets case and sentenced him to undergo three years Rigorous Imprisonment with fine of Rs.3,00,000. The court has also ordered for forfeiture the amount of disproportionate assets i.e.Rs.15, 75,284.
The instant case was registered on 20.07.2010 U/s 13(2) r/w 13(1)(e) of PC Act 1988 against Ravi Kumar Bharti, Deputy Manager, Punjab National Bank, Shalimar Bagh, Delhi for acquiring assets, both immovable and movable, during the period from 01.01.1998 – 30.04.2009 which were disproportionate to the tune of Rs.30,06,548 against his income of Rs.30,09,565 from his known source of income.
After completion of investigation, the charge-sheet was filed on 06.07.2012 in the Court of Special Judge, CBI Cases, Rohini Courts, New Delhi U/s 13(2) r/w 13(1) (e) of P.C. Act 1988.
In another case, the Special Judge for CBI cases, Visakhaptnam has convicted Sri Lakimsetty Pulla Rao, the then Income Tax Inspector, Ward-1, Tanuku, West Godavari District (Andhra Pradesh) in a Disproportionate Assets case and sentenced him to undergo three years Simple Imprisonment with fine of Rs.20,000. The Special Judge further ordered to confiscate the property of the accused to the extent of disproportionate assets which have already been attached by the court, to the State, after appeal time is over.
The brief allegation of the case is that the accused Sri L. Pulla Rao, the then Income Tax Officer, Ward-1, Tanuku, West Godavari District during the period from 01.01.1995 to 31.10.2002, was in possession of movable & immovable properties in his name and in the names of his family members which were disproportionate to his known sources of income to the tune of Rs.7,05,119.
The Trial Court found the accused persons guilty and convicted them.
(SK Vyas/Jalandhar)