New Delhi: Leading stockbroker Hiten Dalal and three others were on January 31 convicted by a special court in Mumbai and sentenced to seven years of rigorous imprisonment for bunglings in the CanBank Mutual funds.

The court in Mumbai sentenced Dalal, another stockbroker Awaid Narrattom, the then assistant general manager of CanBank Anil Narichnya and an official of Bank of Karrad C S Raje, besides slapping a fine of Rs 30,000 each, a Central Bureau of Investigation (CBI) spokesman said.

The four were found guilty of bunglings in the mutual fund issue of the CanBank, which came to light during investigations into the securities scam in early 1990s.

PTI