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.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Digging up carcasses from excavation sites is not going to take this nation forward

    The Bharat Ratna, bestowed by the world’s largest democracy as its highest civilian honour, “in recognition of exceptional service/performance of

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: THE EMPATHY GAP

The empathy gap (also known as the hot-cold empathy gap) ...

Zehra Naqvi

A thrilling journey

Amrita Chowdhury could well be India’s Jeffery Archer. Edge-of-the-seat thriller ...

Bubbles Sabharwal

Time to gift ourselves some good cheer

The other day, my labrador Cesar asked me, “You do ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture