Hyderabad, Nov 29: A special CBI court here Wednesday sentenced the owner of a city-based firm to seven years of rigorous imprisonment for causing a loss of Rs 1.5 crore to Bharat Dynamics Ltd, a defence public sector undertaking, by supplying spurious transistors.
The court also imposed a fine of Rs 9 lakh on Anil Singhvi for various offences.
Singhvi, proprietor of M/s Kemptronics, was convicted under IPC section 468 (forgery for purpose of cheating), the CBI said in a release. The court also asked him to pay a fine of Rs 5 lakh, it said.
Singhvi was further convicted under IPC section 420 (cheating) and sentenced to RI for three years and asked to pay a fine of Rs 1 lakh. He was sentenced to five years in prison under IPC section 471 (using as genuine a forged document or electronic record) and asked to pay a fine of Rs 3 lakh. All these sentences shall run concurrently.
The case was registered April 26, 2013 against Singhvi on the charge that Kemptronix had supplied spurious and non-Russian make transistors in violation of contract terms to the defence PSU. (PTI)