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SC clears Karsan executive of contempt of court charge

A bench led by Justice Aftab Alam said that on the materials produced before it,it was difficult to hold Alankus guilty of contempt for withdrawing a large sum of money from his bank account in a Swiss bank in violation of the apex court orders of 2006.

Written by Utkarsh Anand | New Delhi | Published: April 4, 2013 12:57 am

The Supreme Court has exonerated Turkish firm Karsan’s executive Tuncay Alankus of contempt of court charge in connection with the alleged Rs 13.3 million-urea scam,after noting that the previous conviction order was based on “an erroneous premise of fact”.

A bench led by Justice Aftab Alam said that on the materials produced before it,it was difficult to hold Alankus guilty of contempt for withdrawing a large sum of money from his bank account in a Swiss bank in violation of the apex court orders of 2006.

The court also relied on a certificate issued by the Pictet & Cie bank on September 13,2010 showing that the entire amount from his account had been withdrawn by June 2006 and the account was closed next month,rendering it doubtful if Alankus’s account had any money left that he withdrew in violation of 2009 orders. The court recalled its earlier order whereby Alankus had been convicted of contempt charge on a petition by National Fertilizers Ltd,which alleged that he had withdrawn more than $10 million from his account in Pictet & Cie bank.

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