Coal news and updates

CBI likely to start filing charge sheets in coal scam soon

CBI is likely to start  filing charge sheets in the cases related to coal blocks allocation scam soon as it has wound up its probe in at least five of 14 cases registered by it so far.
 
The sources, refusing to share details of the cases in which final reports can be filed as it is a Supreme Court- monitored probe, said they would file the charge sheets this month.

CBI has registered 14 FIRs so far in connection with the alleged graft in allocation of coal blocks in which AMR Iron and Steel, JLD Yavatmal Energy, Vini Iron and Steel Udyog, JAS Infrastructure Capital Pvt Ltd, Vikash Metals, GraceIndustries, Gagan Sponge, Jindal Steel and Power, Rathi SteelBSE 0.00 % and Power Ltd, Jharkhand Ispat, Green Infrastructure, Kamal Sponge, Pushp Steel and Hindalco have been named.

The Supreme Court is monitoring the probe in the coal block allocation scam.

The court is scrutinising coal block allocation since 1993 on three PILs seeking cancellation of the blocks on the ground that rules were flouted in giving away the natural resources and that certain companies were favoured in this process.
 

Source: The Economic Times