NEW DELHI: The Supreme Court on Monday told Hemant S Hathi, wanted along with Sterling group promoters Sandesaras in a Rs 1,500 crore financial scam, to deposit in court the entire defrauded amount, as alleged in the chargesheet, to get his plea for exemption from criminal prosecution considered.
Hathi’s counsel Vikram Chaudhri told a bench of Justices Sanjay K Kaul and A S Oka that he was prepared to pay the entire amount for getting exemption from criminal prosecution. The bench in its order said, “The petitioner’s counsel seeks two weeks’ time to make a statement about bringing in the balance amount as forming subject matter of the charge-sheet to be paid into the Court. It listed the matter for hearing on September 26.
Appearing for the CBI, additional solicitor general S V Raju said that the total amount, as revealed during the continuing investigation, is over Rs 14,000 crore. He has defrauded Andhra Bank alone to the tune of Rs 1,000 crore.
The CBI has already rejected the SC’ suggestion to consider dropping criminal cases against fugitive fraudsters if they paid back the money swindled from banks and had said there could be no negotiation with those who committed crimes against the nation.
“As a matter of fact and principle and a national policy, apart from the offences being non-compoundable, the investigating agencies cannot and do not wish to negotiate with serious offenders of criminal offences who have committed massive financial fraud with the nation. As a national policy and as a policy in the interest of the nation and in the interest of all law abiding citizens who face the law of the country, that is the Rule of Law, it is not possible for the CBI to give any concession to the accused,” the agency had said.