New Delhi, Dec 16: Former Jharkhand CM Madhu Koda has been awarded three-year jail term by a special court in a coal scam case.
Special Judge Bharat Parashar also sent Koda’s close aide Vijay Joshi, former Coal Secretary H.C. Gupta, Jharkhand’s then Chief Secretary A.K. Basu, behind bars for three years.
Along with the jail term, the court also imposed a total fine of Rs 25 lakh each on Koda and Joshi. It also imposed Rs 1 lakh fine each on Gupta and Basu.
The court also imposed a fine of Rs 50 lakh on VISUL.
However, the court has granted statutory interim bail for a period of two months to convicts to enable them to file appeals in the Delhi High Court against the conviction and the jail term.
“I was hopeful that I will get relief but the decision was against me. This is disheartening. This was Court’s verdict so I won’t comment on it but I have the option to appeal against it in the High Court”, Koda said.
I was hopeful that I will get relief but the decision was against me. This is disheartening. This was Court's verdict so I won't comment on it but I have the option to appeal against it in the High Court: Madhu Koda after being granted 2 months statutory interim bail #CoalScam pic.twitter.com/Ga28yqtbLC
— ANI (@ANI) December 16, 2017
The court on December 13 had held Koda, Joshi, Gupta, Basu, and private company Vini Iron and Steel Udyog Ltd (VISUL) guilty of criminal conspiracy and cheating under the Prevention of Corruption Act.
The quantum of punishment came in the case related to Jharkhand’s Rajhara North coal block allocation to Vini Iron and Steel Udyog Ltd (Visul).
The Central Bureau of Investigation had alleged Koda, Gupta and others conspired to support Visul in allocating the coal block.