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COALGATE SCAM PDF

Find Coal Scam Latest News, Videos & Pictures on Coal Scam and see latest updates, news, information from Explore more on Coal Scam. The case pertains to irregularities in the allocation of Moira and Madhujore (North and South) coal blocks in West Bengal to VMPL. Coal mining firms that present a fait accompli to justify mining in areas for which clearances are yet to be granted may end up losing the coal blocks allocated to.

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Court Frames Additional Charge Against Naveen Jindal India News Press Trust of India Thursday August 16, A special court today framed an additional charge of abetment of bribery against Congress leader and industrialist Naveen Jindal in a case pertaining to irregularities in the allocation of a Jharkhand coal block. A Delhi court on Monday said it would pronounce on December 5 its order on the sentencing of former coal secretary HC Gupta and five others convicted for irregularities in the allotment of coal blocks to a private firm in West Bengal.

Over the course ofhowever, the question of corruption has come to dominate the discussion.

The agency alleged that both SPL and GSIPL misrepresented the facts to the Coal Ministry but the Screening Committee, which used to recommend for allocation of coal blocks to the shortlisted applicant companies, in its ocalgate held on 13 Septemberhad recommended allocation of Amarkonda Murgadangal coal block jointly to these two firms.

Congress leader and industrialist Naveen Jindal, accused in a coal scam case, has been allowed to travel abroad for business purposes, by a special court.

Court allows Naveen Jindal to travel abroad 16 Oct, CBI to probe Coalgate scam professionally: Order on quantum of punishment to ex secy H C Gupta, 5 others on Dec 5 Gupta’s counsel pleaded that he was 70 years old and suffer An estimated financial gain of Rs.

Archived from coalgatte original on 17 September Sinha has been booked on charges of criminal misconduct dcam abuse of his official position while holding a public office and indulging in corruption. Until the other day—that is before the Supreme Court delivered its advisory opinion—the dominant view was that all scarce natural resources should be auctioned, otherwise the allocation would coalhate tantamount to causing loss to the exchequer.

The court also convicted the firm’s managing director Vikash Patni and its authorised signatory Anand Mallick in the case.

Jindal Steel and Power. Naveen Jindal, however, denied any wrongdoing. An engineering, procurement and construction EPC contract works like this: Union finance minister P. It has pointed out that the allocations between and were done without any advertisement or public information.

There is a big aspirational gap between soaring expectations and reality. The Central Bureau of Investigation CBI has identified 12 private firms that may have been shown undue ccoalgate when coal mines were allocated scak the government between and A special court has ordered the framing of an additional charge of abetment of bribery against Congress leader and industrialist Naveen Jindal and others in a case pertaining to irregularities in the allocation of a Jharkhand coal block.

Retrieved 6 March A Delhi court on Friday convicted former Coal Secretary HC Gupta and four others for allegedly indulging in corruption and hatching a criminal conspiracy for allocation of a coal block in West Bengal. It the spokesperson said that grant of EC is in the “final stage” and the company is hopeful that it will be cleared by EAC in coalgaet “forthcoming meeting” to be held later this month.

Coal Scam |

In fact, this is the basis of our earlier legal advice. The three-judge Bench sdam Justices R. The Congress on Monday accused the central government of shielding its “favourite” industrialists in an alleged scam in import of coal worth Rs 29, crore and demanded a “fair and impartial” probe by SIT in a time-bound manner. However, the CAG’s observation is based on a selective reading of sca, opinions given by the Department of Legal Affairs.

Coal Scam | Full Coverage

They further suggest that in the case of competing applicants for a captive block, a further 10 guidelines may be taken into consideration:.

Archived from the original on 7 March Special judge Bharat Parashar framed the charges against the accused after Coalgaye said he was pleading not guilty and claimed trial. The observation of the CAG that the process of competitive bidding could have been introduced by amending the administrative instructions is based on the opinion expressed by the Department of Legal Affairs in July and August The coal ministry on Thursday decided to de-allocate 11 captive coal blocks including three mines of Jindal Steel and Power, besides forfeiting the bank guarantees of six firms and asking five to expressly furnish bank guarantees.

The Central Bureau of Investigation CBIwhich is probing alleged irregularities in the allocation of coal blocks to private companies between andsaid it would extend the investigation to companies that have been allotted blocks starting in Now, DMK leader in the dock”.

On the very next day, Prime Minister’s Office PMO sent a letter to the coal secretary on 6 Februaryrecommending allotment of coal blocks to the company. The company has been able coalfate recoup its investment in the power project owing to a couple of factors.

All News Videos Photos. From this record, the CAG draws the following conclusions:. Coal is a different story. The ministry is preparing to inform the companies impacted by the decision. Incoal secretary P C Parakh informed PM the potential fraud inherent in the discretionary allocation of the captive coal fields and objected to it in writing. Mrinal Sen versus Satyajit Ray: Last week, Mint reporters tried to track down 93 small, mid-sized and obscure companies that have been allocated coal blocks by the government.

One of the mysteries of the unravelling coal scam in India is how relatively unknown and small-time companies managed to acquire the balance sheet strength required to apply for captive coal blocks.