The Special Judge for CBI Cases, Ahmedabad, sentenced Shri B.S. Suryaprakash, former General Manager of MMTC, Ahmedabad Regional Office, and Shri Suresh Gadhecha, former Director of M/s. Aaryavart Impex Pvt. Ltd. (AIPL), to imprisonment and fines for causing a loss of ₹32.06 crore to Minerals and Metals Trading Corporation Ltd. (MMTC).
Sentences:
- Shri B.S. Suryaprakash:
- Imprisonment: 3 years
- Fine: ₹1.25 lakh
- Charges: Criminal conspiracy, misappropriation of property, criminal breach of trust by a public servant, forgery of valuable security, and using forged documents as genuine.
- Shri Suresh Gadhecha:
- Imprisonment: 2 years
- Fine: ₹1 lakh
- Charges: Criminal conspiracy and dishonest misappropriation of property.
Case Details:
The CBI registered the case on April 26, 2007, based on allegations that in March-April 2006, Shri Suryaprakash, in collusion with bullion dealer Shri Gadhecha, issued delivery challans from a “non-running” challan book and forged delivery orders on MMTC letterhead. This enabled M/s. AIPL to acquire imported silver and mint silver from MMTC without payment, causing a wrongful loss of ₹32.06 crore to MMTC and undue gain to the accused. Following the investigation, a chargesheet was filed on January 1, 2009.
Court’s Decision:
After a thorough trial, the court found both accused guilty of the charges. They were sentenced to imprisonment and fines, marking a significant step in holding those accountable for financial frauds involving public corporations.
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