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Coalgate: CBI files first chargesheet

Posted on Mar 10 2014 | IBNS

New Delhi, Mar 10 : The Central Bureau of Investigation (CBI) on Monday filed its first chargesheet in the coal blocks allocation scam in a trial court here.

"The chargesheet has been filed against Navabharat Power Private Limited and its two directors, charging them with cheating and conspiracy. The chargesheet says that 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.

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