New Delhi/Jalandhar, February 19, 2014: The Special Judge for CBI cases Mumbai has convicted Sanjiv Ramesh Sharma, then Proprietor of private firm and sentenced him to undergo four years Rigorous Imprisonment with fine of Rs.12 lakh for causing an alleged loss of Rs.1.02 crore(approx) to Handicraft &Handloom Export Corporation of India Ltd. (HHEC).
CBI had registered the case on the complaint of Handicraft & Handloom Export Corporation of India Ltd. (HHEC), New Delhi against Sanjiv Ramesh Sharma, Proprietor of Surbhi Enterprises; the then MD of Dubai based firm and then Incharge, Handicraft & Handloom Export Corporation of India Ltd, Mumbai on the allegations that the public servant released payment to Sanjiv Ramesh Sharma for purchase of Shoes and Shipping the goods to Dubai, without observing the laid down procedures, thereby causing a loss of Rs.1.02 Crore (approx) to HHEC. It was further alleged that payment released by HHEC had been fraudulently misused by Sanjiv Ramesh Sharma, a Proprietor of private firm.
After thorough investigation, CBI filed a charge sheet against Sanjiv Ramesh Sharma and then In-charge,(Dy.Marketing Manager), Handicraft & Handloom Export Corporation of India Ltd, Mumbai U/Sec.120-B r/w 420, 471 IPC and Sec. 13(2) r/w 13(1)(d) on 31.03.2006.
The Trial Court found Sanjiv Ramesh Sharma guilty and acquitted then Incharge (Dy.Marketing Manager), Handicraft & Handloom Export Corporation of India Ltd, Mumbai.//New delhi news, New delhi current news, New delhi news live, New delhi breaking news, New delhi headlines, New delhi latest news, india news, world news,
Date:
Wednesday, February 19, 2014