Tribune News Service
Panipat, August 23
The Special CBI court at Karkardooma in Delhi, has reserved the decision for August 26 on quantum of punishment in the rate interest scam involving former Speaker Satbir Singh Kadian and others.
The CBI and defence counsel for the accused concluded the final argument on quantum of sentence in the court of Special CBI Judge Jitender Kumar Mishra today.
Satbir Singh Kadiyan, former Speaker of the Haryana Legislative Assembly in the INLD government and former chairman of the Indian Farmers Fertilizers Cooperative Limited (IFFCO) along with Vinayak Narayan Deosthali, a resident of Mumbai, Delhi residents — Anil Kumar Malhotra and Sunil Gorawara — and Karunapathi Pandey, former Senior Executive Manager, UCO Bank, Sansad Marg, Delhi, were held guilty in the scam and were sent to judicial custody in Tihar Jail on Saturday.
Kadiyan was appointed as the chairman of IFFCO by the then Deputy Prime Minster Devi Lal in December, 1989. The scam was unearthed in 1993.
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