Jharkhand minister 1st to be convicted for money laundering
In a first under Prevention of Money Laundering Act, a special court in Ranchi has convicted former Jharkhand minister Hari Narayan Rai, sentencing him to 7 years of rigorous imprisonment with a fine of ?5 lakh. Further, the court ordered that Rai will have to serve 18 months of additional rigorous imprisonment if he fails to deposit the fine.