CBI registers two fresh cases in coal scam

Tags: CBI, coal scam, News
CBI today registered two fresh cases against Central Collieries Company Limited and Prakash Industries for alleged irregularities in allocation of coal blocks between 2006-09.

Immediately after registering the cases, CBI conducted searches at various places including the premises of the companies named in the FIR.

The agency said that searches were being conducted in Delhi, Nagpur, Mumbai and Chhattisgarh.

With the registration of two more cases, the number of cases lodged by CBI to probe alleged misappropriation in coal blocks allocation has gone upto 18.

The allegation against Central Collieries Company Ltd was that it sold coal in the open market against the concept of captive allocation of coal blocks for a specified end use.

The case has been registered under sections of the Indian Penal Code dealing with forgery and criminal breach of trust, CBI said.

In the second case, CBI alleged that Prakash Industries had misrepresented facts about the net worth of the company while applying for coal blocks.

EDITORIAL OF THE DAY

  • Because our politicians elbowed out our teachers on Teachers’ Day

    The Swachch Bharat campaign made the highest leaders sweep. Teachers’ Day is making them teach.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Sachin Shridhar

Crouching tiger, hidden dragon

The Chinese are consummate gamblers. If you visit a casino ...

Zehra Naqvi

Capturing change

The pace of change in the world around us can ...

Gautam Gupta

Bring on the Benares brigade

It was in 2003 when I first started work and ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture