B. RAGHUVIR ACHARYA vs CENTRAL BUREAU OF INVESTIGATION

The Supreme Court upheld the conviction of B. Raghuvir Acharya and Hiten P. Dalal under Section 120-B IPC for criminal conspiracy, Section 420 IPC for cheating, and Section 13(1)(d) of the Prevention of Corruption Act, 1988 for criminal misconduct. The Court found that the accused conspired to falsely claim brokerage from Canbank Mutual Fund by misrepresenting their roles in transactions involving CANCIGO units worth Rs. 33 crores. The judgment of the Special Court was affirmed, reinforcing the legal principle that public servants engaging in corrupt practices are liable under the Prevention of Corruption Act.