New Delhi, Jan 10 IBNS | 2 years ago

The Central Bureau of Investigation (CBI) has completed its investigation into the coal blocks allocations scam, said reports on Friday.

Media reports, quoting CBI sources, said the probe agency is all set to tell the Supreme Court that its investigations are over.

However, the CBI is yet to finish its investigations against Aditya Birla Group Chairman Kumar Mangalam Birla named in the scam.

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.

(Posted on 10-01-2014)