PANCHKULA: A Special CBI court in Haryana sentenced four officials of two real estate companies to varying jail terms varying of five to four years, along with penalties, in a case pertaining to fund diversion and bank loan fraud involving Rs 152 crore, an official said.
Bishan Bansal and Nanak Chand Tayal, both linked to SRS Real Infrastructure Ltd and SRS Real Estate, have been sentenced to Rigorous Imprisonment (RI) for five years with a fine of Rs 80, 000 each, a CBI statement said, quoting the court order delivered on January 13.
Convicts Seema Narang and Dheeraj Gupta were sentenced to Rigorous Imprisonment (RI) for four years with a fine of Rs 40, 000 each.