Bhubaneswar: The Special CBI Court on Friday awarded four year jail term for Real Tulip India Ltd (RTIL) including Managing Director Tirtha Haldar.
In its verdict, the court also directed to deposit Rs 29 crore with court’s registry which shall be paid to the depositors as compensation as per the law.
Also Read: Nabadiganta scam: Court to decide quantum of punishment today
Earlier, Baliarsingh had pleaded guilty to all charges before the special court here on Tuesday.
The conclusion of trial in the case is likely to spell trouble for three political leaders, including sitting MP from Mayurbhanj Ramchandra Hansda, who are co-accused in the case.
Hansda, and former legislators Subarna Naik and Hitesh Bagarti, who were also directors in Nabadiganta, have been arrested by CBI for their alleged complicity in the financial fraud.