New Delhi, Mar 10 IBNS | 5 months ago

The Central Bureau of Investigation (CBI) on Monday will file its first chargesheet in the coal blocks allocation scam in a trial court here. "The chargesheet is likely to be against the promoters of Navabharat Power Private Limited. The CBI says Navabharat, along with other companies, misrepresented facts to get coal block allocation," reported NDTV.


The coal scam had sprung into headlines after the Comptroller and Auditor General's (CAG) report on coal block allocation estimated a loss of Rs 1.86 lakh crore to the national exchequer owing to irregular allocations.

The CAG named 25 private companies as beneficiaries of coal block allocations in various states. They included companies like Essar Power, Hindalco, Tata Power, Tata Steel and Jindal Steel and Power Ltd.

The allocations date back to the time when Prime Minister Manmohan Singh was holding the portfolio.

(Posted on 10-03-2014)