Vinayak Narayan Deosthali vs C.B.I

The Supreme Court upheld the conviction of the appellant under Sections 120-B, 409, 467, 471 IPC and Sections 13(1)(c) and (d) of the Prevention of Corruption Act, 1988 for diverting Rs.7.75 crores of public funds to Harshad Mehta's account. The Court emphasized the necessity of accountability for public servants and the importance of restoring public confidence in financial institutions. The appeal was dismissed, affirming the Special Court's findings and the appellant's culpability in the conspiracy.