Special CBI court fines south Mumbai ‘bizman’ Rs 10.2cr

In one of the highest fines imposed so far, a special CBI court that convicted and sentenced a 62-year-old Peddar Road “businessman” to six years’ rigorous imprisonment in a 2003 scam related to the Duty Entitlement Pass Book (DEPB) scheme on Monday also imposed on him a fine of Rs 10.2 crore. DEFB is an export incentive scheme.

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