Court Convicts Minister Pardhasaradhi
posted on Jul 25, 2012 4:32PM
The Economic Offences Special Court at Nampally has convicted the state Secondary & Intermediate Education Minister K Pardhasaradhi with two months imprisonment. The court also imposed a fine of Rs. 5,15,000/- on KPR Tele Products Company, of which Pardhasaradhi was managing director earlier. In the event, the company doesn't pay the fine amount, the minister Pardhasaradhi has to undergo imprisonment for a period of another ten years.
It is to be recalled that the Enforcement Directorate (ED) had framed charges against the KPR Tele Products Company for violating FERA Regulations in the year 2002, while Pardhasaradhi was its managing director. The ED had in 2003 imposed a fine of Rs. 3,00,000/-, which the minister neither paid so far nor attended the court. On ED's request, the court on Monday issued a warrant against the minister, which was eventually withdrawn by the court yestrday.
The minister attended the court today and the judgement has been pronounced a shortwhile ago.