N.P. JHARIA vs STATE OF M.P.

The Supreme Court upheld the conviction of the appellant under Section 5(1)(e) read with Section 5(2) of the Prevention of Corruption Act, 1947, for possessing disproportionate assets. The Court affirmed the High Court's decision to reduce the sentence from three years to one year while maintaining the fine of Rs.75,000. The ruling established that the submission of a final report by the investigating agency does not preclude further investigation and prosecution if new evidence arises.