Sunday, 16 Oct 2011
DHNS reported that Sesa Goa, one of the many leading iron ore exporters being investigated by the Shah Commission for irregular mining in Goa, denied it had violated regulations or made underhand political donations.
The Vedanta-owned company, which is India’s largest producer and exporter of iron ore in the private sector, said recent media reports against the company for excess production were false, motivated and baseless. The leading iron ore producer said it had permission to extract 4 million tonnes of iron ore from three sites at Codli, Dharbandora for the year 2006-07.
From the year 2007-08 permission was enhanced to 7 million tonnes for the same pits, the company said. “
It said “Production each year from the same sites has been within the permitted quantities.”
It added that like many other corporate houses in India, Sesa has indeed made donations to political parties but strictly in accordance with due process prescribed under law.
It denied impropriety or lack of transparency in the in its political donations and said it was unfortunate that certain activists and sections of media are ascribing motives to such political donations.
(Sourced from DHNS)
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