The Central Bureau of Investigation (CBI) has filed First Information
Reports or FIRs against two private firms, who were allocated coal
blocks between 2004 and 2009 by the government. Searches are also being
conducted in 16 locations in Hyderabad, Secunderabad, Vishakhapatnam,
Satna, Jaipur, Rourkela and New Delhi.
The fresh FIRs have been filed against Green Infrastructure and Kamal Sponge & Steel on charges which include misrepresentation of net worth.
The CBI is investigating whether companies misreported their financial or technical qualifications to be granted valuable coal fields in possible collusion with government officials.
The CBI's inquiry is rooted in a complaint filed by BJP leader Prakash Javadekar four months ago with the government's anti-graft department or Central Vigilance Commission (CVC). In August, the government auditor or CAG said that 142 coal fields allocated between 2004 and 2009 had allowed private firms to get windfall benefits of up to Rs. 1.86 lakh crore because the coal mines were sold at highly undervalued rates, instead of being auctioned. That has led to a huge political crisis, with the opposition BJP demanding the resignation of the Prime Minister and disrupting Parliament every day of this session, ensuring that virtually no business has been transacted. Uproar over the issue forced adjournments in both Houses of Parliament today as well.
More details awaited.
The fresh FIRs have been filed against Green Infrastructure and Kamal Sponge & Steel on charges which include misrepresentation of net worth.
The CBI is investigating whether companies misreported their financial or technical qualifications to be granted valuable coal fields in possible collusion with government officials.
The CBI's inquiry is rooted in a complaint filed by BJP leader Prakash Javadekar four months ago with the government's anti-graft department or Central Vigilance Commission (CVC). In August, the government auditor or CAG said that 142 coal fields allocated between 2004 and 2009 had allowed private firms to get windfall benefits of up to Rs. 1.86 lakh crore because the coal mines were sold at highly undervalued rates, instead of being auctioned. That has led to a huge political crisis, with the opposition BJP demanding the resignation of the Prime Minister and disrupting Parliament every day of this session, ensuring that virtually no business has been transacted. Uproar over the issue forced adjournments in both Houses of Parliament today as well.
More details awaited.
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