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 his role in diverting Rs.7.75 crores from the Engineering Export Promotion Council to the account of deceased broker Harshad Mehta. The Court emphasized the importance of accountability in public service and the need to deter corruption in financial transactions. The appeal was dismissed, affirming the Special Court's judgment.