Twenty-three years after a superintendent engineer of Oil and Natural Gas Corporation (ONGC) was caught in a disproportionate asset case, a session’s court on convicted him and sentenced him to three-year imprisonment.
Special judge VV Virkar found IP Shankaran guilty and also imposed a fine of Rs1 lakh, failing which he would require to undergo further imprisonment of six months. The court has also confiscated property amounting to Rs23 lakh belonging to him and directed the same to be deposited with the state treasury.
As per the prosecution’s case, Shankaran used to take bribes from the contractors. When he was posted in Uran, Maharashtra, he had asked for a bribe of Rs11.5 lakh from a contractor to clear a tender. The contractor approached the CBI, which arrested him while accepting a bribe.
Investigation in the case revealed that he had lot of undisclosed assets on his name and that would take bribes on a fictitious name. He had created another identity and opened bank accounts in the name of Damani Damodaran. It was on this name he had a joint account with his wife in a nationalised bank in Kerala as well as some assets in her name, the investigation revealed.
The CBI had filed a case against him of having disproportionate assets. His assets were valued at Rs 22.80 lakh in 1989.
Public prosecutor Kiran Makasare examined 11 witnesses.
The court has granted Shankaran temporary bail to challenge his conviction before the Bombay high court.