CBI may close ADAG Sasan probe
The Central Bureau of Investigation (CBI) might close the preliminary probe into the coal block allocation to a power project in Sasan in Madhya Pradesh run by Anil Ambani's ADAG since the federal investigating agency viewed it as a policy decision arrived at after assessment by an Empowered Group of Ministers (EGoM), according to media reports.
A preliminary probe was initiated at the behest of the Supreme Court among other cases.
Media reports quoting CBI sources said the Sasan ultra mega power project got approval twice by the EGoM.
CBI is yet to take the final decision, however, since the Supreme Court's views would have to be taken into account as well, said reports.
Earlier when the probe had begun, an ADAG spokesperson had issued a statement saying: "We welcome the independent time-bound enquiries by the CBI, monitored by the Supreme Court, which will clearly establish our bona fides, and once and for all prove beyond doubt that we have been the unfortunate victims of a mischievous campaign of calumny and vilification conducted at the behest of our unscrupulous corporate rivals over the past 5 years."
"The allocation of coal mines to the Sasan project was done to a 100 percent government-owned company in the year 2006 when our company Reliance Power, had not even won the project. Government disinvested its shares to Reliance pursuant to a Global Tender in the year 2007.
"The use of surplus coal from the Sasan UMPP has been approved on two separate occasions by two EGoMs," the statement added.
(Posted on 27-12-2013)