The Special Judge, Special Court, Bhubaneswar, has held Jogendra Charan Nayak, ex-General Manager, IPICOl, guilty of the charge of acquisition of disproportionate assets to the tune of Rs4.03 lakh and sentenced him to undergo rigorous imprisonment (RI) for 20 months and pay a fine of Rs40,300 in default of payment of the fine, to undergo RI for two months more.
A Vigilance case had been registered and charge-sheeted against Nayak. The case was under trial in the Court of Special Judge, Special Court, Bhubaneswar. Proceedings have already been initiated to confiscate the illegally acquired assets of Nayak, said an official release on Thursday.