Thursday, 01 Sep 2011
CNN-IBN unraveled a Bellary like coal scam in Chattisgarh, where a heavyweight in the mining and steel sector, forged documents to get coal mines allocated in both the states and diverted nearly 50% of coal to the black market.
As per report “An ongoing investigation by CBI shows that this company was allotted coal blocks in Chattisgarh and Madhya Pradesh in connivance with officials from coal and steel ministries after submitting forged and fabricated documents.”
The report added that “In Korba district, the company emptied out the entire Chotia coal block, ostensibly for expanding their sponge iron plant. But CBI investigation shows that the expansion never happened, and the company diverted nearly 50% of the entire coal mined to the black market, making thousands of crores.”
It also said “The excise department enquiry clearly showed that the company has suppressed their production figures and clandestinely removed coal into the black market. It pointed at connivance between officials.”
(sourced from IBNLive)
CNN-IBN unraveled a Bellary like coal scam in Chattisgarh, where a heavyweight in the mining and steel sector, forged documents to get coal mines allocated in both the states and diverted nearly 50% of coal to the black market.
As per report “An ongoing investigation by CBI shows that this company was allotted coal blocks in Chattisgarh and Madhya Pradesh in connivance with officials from coal and steel ministries after submitting forged and fabricated documents.”
The report added that “In Korba district, the company emptied out the entire Chotia coal block, ostensibly for expanding their sponge iron plant. But CBI investigation shows that the expansion never happened, and the company diverted nearly 50% of the entire coal mined to the black market, making thousands of crores.”
It also said “The excise department enquiry clearly showed that the company has suppressed their production figures and clandestinely removed coal into the black market. It pointed at connivance between officials.”
(sourced from IBNLive)
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