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CBI registers case against Bangalore & Kolkata based private companies

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Author(s): 
& unknown officials of Karnataka Power Corporation Ltd Bangalore and others for alleged irregularities in coal block allocations
New Delhi, March 19, 2015: The Central Bureau of Investigation has registered a case against unknown officials of M/s Karnataka Power Corporation Ltd, Bangalore; unknown officials of Bangalore based company; a Kolkata based company through its Directors/Partners; Nagpur based company through its Directors and other unknown persons u/s 120-B r/w 420 of IPC and Section 13(2) r/w 13(1) (d) of PC Act, 1988 for alleged irregularities in the Coal Block allocations of Kiloni, Manora Deep, and Baranj I to IV total six blocks (Maharashtra).  
It is alleged that the officials of state PSU who had been allocated the coal blocks had shown undue favour to the joint venture partner entrusted with the work relating to mining of coal from the allocated coal blocks. It is further alleged that the accused had deliberately ignored & overlooked the condition of Joint Venture relating to certification of the quality of the coal by an independent inspection agency, thereby causing huge undue pecuniary advantage to the private partner. Further, the Joint Venture company in conspiracy with the private company engaged in washing of coal, in violation of the Ministry of Coal guidelines relating to rejects generated by the washery, had sold the rejects without permission of the said Ministry.
Searches are being conducted today at various places including Bangalore, Kolkata, New Delhi, Nagpur etc.
Further investigation is continuing. / (SK Vyas, Jalandhar)
 
Date: 
Thursday, March 19, 2015

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