In the first conviction and sentencing in the multi-crore coal blocks allocation scam, a special court today sent Jharkhand Ispat Pvt Ltd (JIPL) Directors R C Rungta and R S Rungta to jail for four years. Special CBI Judge Bharat Parashar also imposed a total fine of five lakh rupees each on both of them who were convicted on March 28 for offences of cheating and criminal conspiracy.<br/><br/> The judge slapped a fine of 25 lakh rupees on the company, JIPL which was also held guilty along with the Rungtas, who were taken into custody after being convicted by the court. In its 15-page order on sentence the court said, it is on account of such kind of unscrupulous businessmen and industrialists that despite 69 years of independence, our country is still lagging behind than most of the countries in the world in industrial development.<br/><br/>Besides this, 19 other cases investigated by the CBI are pending before the court, which was set up to exclusively deal with all coal scam matters.

In the first coal case verdict, Jharkhand Ispat Pvt Ltd (JIPL) directors R S Rungta and R C Rungta have been awarded four-year jail for criminal conspiracy and cheating by a special court in Delhi today. <br/><br/>CBI registered a case against JIPL and others pertaining to joint allocation of North Dhadu Coal Block in Jharkhand in 2013. On March 9, 2015, the Court ordered framing of charges against R C Rungta and R S Rungta for offences criminal conspiracy, cheating, forgery of valuable security, forgery for purpose of cheating etc.