Jharkhand to review MoU with Vini Iron and Steel Limited

Saturday, 04 Jun 2011

ET reported that Jharkhand chief minister Mr Arjun Munda has directed the industries department to review the MoU with Vini Iron & Steel Limited in which ex chief minister Mr Madhu Koda is said to have invested heavily.

Talking to ET, chief secretary Mr Sushil Kumar Choudhary said that he has asked for the related files from the industries department following directions from the CM to review the MoU and mine leases to Vini Iron and Steel Limited.

Jharkhand industries secretary Mr AP Singh said that the Central Bureau of Investigation has already taken away all the files related to Vini Steel. Earlier, the income tax department had taken Xerox copies of the files, but the CBI took away all the files.

Vini Steel had inked an agreement with Jharkhand government, headed by chief minister Mr Madhu Koda, in September 2006 to set up a steel plant in Dhanbad. Later, the company was allotted a coal mine in Palamu and an iron ore mine in Chaibasa.

Sources said that the CBI is looking into the functioning of the company since Koda had made major investments in it. The then chief minister had also recommended coal and iron ore mines for the same, which was accepted by Delhi. (sourced from ET)