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21/12/2014  
CBI REGISTERS A CASE AGAINST IRREGULARITIES IN COAL BLOCK ALLOCATION
 
 

               The Central Bureau of Investigation has registered a case under sections 120-B r/w 406 & 420 of IPC and under sections 13 (2) & 13 (1) (d) of PC Act against a private company based at Sundergarh, Odisha (corporate office at Kolkata, West Bengal); another private company based at Ranchi,Jharkhand(Head Office at Kolkata) and Unknown public servants. The said case is the outcome of a PE registered earlier by CBI to look into the allocation of coal blocks during the period 1993 to 2005.

               It was alleged that Parbatpur coal block was allocated to a private Company based at  Sundergarh(Odisha) for their proposed Pig Iron plants at Khardah( West Bengal) & Kalahasti( Andhra Pradesh) and middlings generated in washery for captive consumption in the proposed power plant.  It is, further alleged that the said Sundergarh(Odisha) based company acquired about 48.5% shares of a Andhra Pradesh based private company and allocation was made for plant of Andhra Pradesh based company whereas the Andhra Pradesh based private company never independently applied for a coal block. The  company resorted to sale of 50162.42 Metric Tonnes of middlings dishonestly to another private company based at Jharkhand and the company disposed 42500 Metric Tonnes of inferior ungraded coal, jhama and slurry to the non-approved end users.  

             Searches have been conducted at 5 locations including Bokaro, Ranchi and Kolkata.

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