https://www.taxtmi.com/caselaws?id=298689 Documentary and oral evidence showed sanctioned short-term banking placements, internal approvals and no proved loss to the company or the banks, so the alleged criminal conspiracy to divert funds was not established beyond reasonable doubt; the allied charges under criminal breach of trust, forgery and the Prevention of Corruption Act also failed. The Court further held that the Special Court had no jurisdiction over transactions before 1 April 1991, which provided an additional ground against conviction for that period. On the evidence, the ingredients of dishonest misappropriation, forged bank receipts and abuse of official position were not proved, resulting in acquittal of the appellants in the majority decision. en-us Tue, 14 Jan 2003 00:00:00 +0530 Wed, 23 Feb 2022 10:13:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=298689 Documentary and oral evidence showed sanctioned short-term banking placements, internal approvals and no proved loss to the company or the banks, so the alleged criminal conspiracy to divert funds was not established beyond reasonable doubt; the allied charges under criminal breach of trust, forgery and the Prevention of Corruption Act also failed. The Court further held that the Special Court had no jurisdiction over transactions before 1 April 1991, which provided an additional ground against conviction for that period. On the evidence, the ingredients of dishonest misappropriation, forged bank receipts and abuse of official position were not proved, resulting in acquittal of the appellants in the majority decision. Case-Laws Indian Laws Tue, 14 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=298689