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Court convicts Jharkhand Ispat, 2 directors in scam

Court convicts Jharkhand Ispat, 2 directors in scam

A special court has convicted Jharkhand Ispat Pvt Ltd (JIPL) and its two directors R S Rungta and R C Rungta in a case pertaining to irregularities in allotment of a coal block in the state to the firm. Special CBI Judge Bharat Parashar held the company and its two directors guilty of the offences under sections 120B (criminal conspiracy) and 420 (cheating) of IPC.