NEW DELHI: In a high-profile case of corruption in opposition to a senior govt government, an ED particular court docket Monday convicted Abhay Srivastava, a former chairman and managing director of public sector enterprise Nalco, his spouse Chandni and two associates underneath the anti-money laundering legislation for allegedly receiving bribes from contractors in provide of two lakh tonne of washing coal.The conviction got here 14 years after CBI booked the previous CMD of Nationwide Aluminium Firm Restricted (Nalco) underneath the Prevention of Corruption Act. Later, ED investigated a cash laundering case in opposition to the unlawful gratification acquired by him and seized 10 gold bars of 1 kg every from a financial institution locker allegedly operated by Chandni.The court docket upheld the ED probe and famous the illicit funds have been layered and hid by way of buy of gold bars which have been saved at a Financial institution of Maharashtra Delhi department.“This court docket finds there was prior live performance and coordination among the many 4 accused — Srivastava and (his shut affiliate) BL Bajaj each concerned their wives to hide gold bars of 1 kg every by holding in a financial institution locker taken within the title of Anita Bajaj. Nevertheless, it was being operated by Chandni Srivastava… Subsequently, this court docket is of the thought of view that there’s ample proof on the document establishing that each one the accused conspired with one another in fee of offence of cash laundering,” particular decide Shailender Malik famous in his judgment.“ED mentioned it has efficiently demonstrated that the unlawful gratification was generated when Srivastava accepted illicit funds by way of Bajaj in reference to the coal provide tender floated by Nalco,” the decide mentioned.The case is said to the Nalco tender issued for buy of two lakh tonne of washing coal from its captive energy plant at Angul in Odisha in 2010. 4 firms utilized, of which two have been rejected on the technical bid stage. Maheshwari Brothers Coal Ltd and Bhatia Worldwide Ltd have been permitted by performing CMD BL Bagda, for putting earlier than the committee of administrators, to be chaired by Srivastava.The court docket took cognisance of cellphone calls intercepted by CBI, the place it was acknowledged that Rs 1.2 crore (at charge of Rs 150/tonne for 80,000 tonne) was determined as unlawful gratification from Bhatia Worldwide Ltd for Srivastava as an award for contract.