FORMER CMD OF NFL, 2 TURKISH NATIONALS & OTHERS SENTENCED IN UREA SCAM CASE; RIGOROUS IMPRISONMENT OF THREE TO SIX YEARS AND FINE OF RS SIX LAKH TO 100 CRORE IMPOSED

Press Release
New Delhi, 12.07.2018

The Special Judge, CBI cases, Delhi has today sentenced Shri C.K.Ramakrishnan, then CMD , National Fertilizer Limited & Shri D.S.Kanwar, then ED(Marketing),NFL both to undergo 3 years Rigorous Imprisonment with fine of Rs. 6 Lakh; Shri M. Sambasiva Rao to undergo 3 years RI with fine Rs. 5 Crore; both Turkish National Mr. Tuncay Alankus& Mr. Cihan Karanchi to undergo 6 years RI with fine of Rs. 100 crore each; Shri B. Sanjeeva Rao to undergo 3 years RI with a fine of Rs. one Crore; Shri Prakash Chand Yadav to undergo 3 years RI with fine of Rs. 1.01 crore and Shri D. Mallesham Gaud to undergo 3 years RI with fine of Rs. 5 crore.

CBI had registered a case on 19.5.1996 against Shri C.K. Ramakrishan then CMD, National Fertilizer Limited and others. It was alleged that the accused persons entered into criminal conspiracy and cheated National Fertilizer Limited to the Tune of Rs. 133 Crore(approx). In furtherance of conspiracy, accused Tuncay Alankus of Turkey signed a contract on 9.1.1995 to supply 200000 MT of urea @ US$ 190 MT on pre payment of 100% price about US$ 38 million equivalent to Rs. 133 Crore(approx). Tuncay Alankus received US $ 380000/- on 2.11.1995 as advance for insurance purpose and US $ 37.62 million from NFL on 14.11.1995 which was credited in the account of M/s Karsan Ltd. on 29.11.1995 at Pictet Bank, Geneva, Switzerland but they did not supply urea to NFL.


After thorough investigation, a chargesheet was filed in 1997.

After trial, the Special Judge, CBI cases, Tis Hazari Court, Delhi convicted Shri C.K. Ramakrishnan, Ex-CMD, National Fertilizer Limited, Sh. Dilbag Singh Kanwar, Ex- Executive Director(Marketing) NFL, Sh. M. Sambasiva Rao, Mr. Tuncay Alankus- Turkish National, Mr. Cihan Karanci- Turkish National, Sh. B. Sanjeeva Rao, Sh. Prakash Chand Yadav and Shri D. Mallesham Gaud.



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