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CBI COURT SENTENCES FORMER AGM, SAIL TO 3 YEARS IMPRISONMENT WITH A FINE OF RS. ONE LAKH IN DA CASE

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Face2News/Visakhapatnam,

The CBI Court Visakhapatnam on Wednesday onvicted and sentenced Ragam Kishore, the then Regional Manager, Branch Transport & Shipping, Steel Authority of India Ltd. (SAIL), Visakhapatnam ( Retired from service as Asst. General Manager, Steel Authority of India Ltd., Kolkata) to undergo Three Years Imprisonment with a Fine of Rs. One lakh in a Disproportionate Assets case.

The Central Bureau of Investigation (CBI) registered the instant case on 17.07.2001. It was alleged that during the period from 01.01.1988 to 19.04.2000, the accused R. Kishore, while functioning as a public servant in different capacities in SAIL, was in possession of movable and immovable properties in his name and in the name of his family members, disproportionate to his known sources of income to the tune of Rs.60,25,825.65 which he could not satisfactorily account for.

After completion of investigation, CBI filed the chargesheet on 05.08.2003. The Hon’ Court, after trial, convicted and sentenced the accused person accordingly.

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