G Dhananjaya Reddy, Director of NexxoftInfotel Ltd was sentenced to undergo four years imprisonment with fine of Rs 10 crore; K. Satyanarayana to undergo four years’ imprisoment with fine of Rs 12 crore; G. Nirmala, MD of the company to undergo one year imprisonment with fine of Rs 1 Lakh.
Besides, Dinesh Kavoor, director of the company was awarded one year imprisonment with fine of Rs 1 lakh and Rajesh Kumar Madhav, then AGM at UBI branch was sentenced to undergo one year imprisonment with fine of Rs 50,000.
The court has also imposed a fine of Rs 1 crore on NexxoftInfotel Ltd.
–IANS
atk/pgh
