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Coal scam: Court fixes March 4 for order on framing charges

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New Delhi: On Monday, a special court fixed March 4 for pronouncing its order on framing of charges in a coal scam case in which CBI had chargesheeted industrialist Naveen Jindal, ex-Minister of State for Coal Dasari Narayan Rao and 13 others.

Special CBI Judge Bharat Parashar said that he will take some time to pass the order on charges in the case as he is going through the documents as well as the arguments advanced by CBI and the counsel for the accused.

 “I will take some time. Put up for March 4,” the judge said.

During arguments on framing of charges, CBI had alleged that ex-Jharkhand Chief Minister Madhu Koda, also accused in the case, had favoured Jindal group firms — Jindal Steel and Power Ltd (JSPL) and Gagan Sponge Iron Private Ltd (GSIPL) — in the allocation of Amarkonda Murgadangal coal block in Jharkhand.

CBI had also claimed that the accused had conspired with each other to get the allocation of the coal block in favour of the two Jindal group firms. Opposing CBI’s contention, all the accused, including Jindal, Koda and Rao, had said that there was no evidence which showed that they were in any conspiracy during the coal block allocation process.

They had also denied the allegations levelled against them by CBI in its charge sheet. Jindal, Rao, Koda, former Coal Secretary H C Gupta and 11 others were chargesheeted by CBI in the case pertaining to alleged irregularities in allocation of the coal block to JSPL and GSIPL.

Besides them, the other individual accused are — Rajeev Jain, Director of Jindal Realty Pvt Ltd, Girish Kumar Suneja and Radha Krishna Saraf, Directors of GSIPL, Suresh Singhal, Director of New Delhi Exim Pvt Ltd, K Ramakrishna Prasad, Managing Director of Sowbhagya Media Ltd and chartered accountant Gyan Swaroop Garg. These accused are currently out on bail.

Besides the ten accused, five firms — JSPL, Jindal Realty Pvt Ltd, Gagan Infraenergy Ltd (formerly known as GSIPL), Sowbhagya Media Ltd and New Delhi Exim Pvt Ltd — are also accused in the case.(IANS)

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The CBI Arrests Two Senior Retired Officers Of Bank Of India

The agency in an FIR had said that the DPIL, which manufactures electric cables and

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The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud
The CBI Arrests Two Senior Retired Officers Of Bank Of India: Bank Of India Fraud. IANS

The CBI today arrested two senior retired officers of Bank of India in connection with alleged loan fraud of Rs 2,654 crore by Vadodara-based Diamond Power Infrastructure Ltd. (DPIL) in the bank. V V Agnihotri and P K Shrivastava, retired GM and DGM respectively, had allegedly granted undue favours to the company in granting credit limits, the officials said.

They said both have been arrested today and will be produced before special court in Ahmedabad tomorrow.The promoters of the company were arrested in April this year. The agency in an FIR had said that the DPIL, which manufactures electric cables and equipment, is promoted by Suresh Narain Bhatnagar and his sons Amit and Sumit, who are also the directors of the firm.

Bank of India
Bank of India. Flickr

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The loan, it said, was declared a non-performing asset in 2016-17. “It is alleged that the DPIL, through its management, fraudulently availed credit facilities from a consortium of 11 banks (both public and private) since 2008, leaving behind an outstanding debit of Rs 2,654.40 crore as of June 29, 2016,” the agency had said. (IANS)

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