Central Excise Inspector and MD of Company gets 4 years Rigorous Imprisonment

The Central Bureau of Investigation(CBI) has sentenced Central Excise Inspector and MD of Company to 4 years Rigorous Imprisonment.

The Special Judge, CBI Cases, Indore(Madhya Pradesh) has convicted three then Inspectors of Central Excise & Customs, Indore i.e Shri Ashutosh Nath, Shri Manoj Chandrawnshi & Shri K.G. Sharma; five officials of M/s Maikaal Fibers Ltd i.e Shri Mrigendra Jalan(then Managing Director), Shri Deepak Nagar(then Director), Shri Abhijeet Sen Gupta,(then AGM), Shri Rajeev Dutta(then AGM) & Shri B.L. Shrivastava, (then officer, Commercial Department) and sentenced them to undergo four years Rigorous Imprisonment with fine of Rs.40,000 each for causing huge loss to the Government Exchequer.

CBI had registered the current case on 03.10.2007 on the allegations that during the period 2003-2006, public servants of Central Excise, Khalbujurg, Range-I, Indore Division, and others conspired with officials of M/s Maikaal Fibres Ltd and facilitated the company in removing excisable goods from the company’s premises in the name of exports and diverting the same into domestic tariff area without payment of applicable duties.

An alleged loss to the tune of Rs.13 crore was caused to the Central Excise Department.

Following an inquiry, a chargesheet was filed against the nine defendants. One of the defendants died during the trial, thus the Court dropped all accusations against him.

The Trial Court judged the defendants guilty and convicted them.