Broker Hiten Dalal and Canara Bank Mutual Fund's former General Manager B R Acharya have been sentence to one year imprisonment and directed to pay Rs three crore compensation in a 1992 securities scam case by the Bombay High Court.

Justice Roshan Dalvi, presiding over a special court, held the duo guilty yesterday and observed that the case pertains to economic offence and causing pecuniary loss to public exchequer. However, the judge acquitted five others -- a broker and four officials of the bank -- due to lack of evidence.