A special CBI judge in Delhi has found 11 persons guilty of cheating, forgery and criminal conspiracy under the Indian penal code and under the prevention of corruption act in an Rs 4000 crore cooperative housing scam.
Of the 11 convicted persons, seven are public servants. The latter include registrar cooperative societies, joint registrar, assistant registrar (audit) and 4 other officials.
The CBI had filed charge-sheets in the major Rangmahal cooperative group housing society scam in the year 2005. The case had attracted a great deal of media attention.
Sources say this is the first major fraud case that has finally been decided.