Thursday, June 20, 2013

COALGATE: CBI registers case against Delhi-based firm

New Delhi: The CBI on Wednesday registered a case against Rathi Steel and Power Limited, its CEO Udit Rathi and unknown members of the 36th screening committee which awarded the coal blocks.

Rathi Steel obtained Kesla North coal block in Chhattisgarh by allegedly misrepresenting facts of putting up a steel plant in Odisha’s Sambhalpur, while there were two other companies which had better parameters for getting the block.

The 23 coal blocks awarded by the 36th screening committee after meetings in December 2007 and February-July 2008 were earmarked for allocation to specified end uses other than power. The companies dealing in production of steel, iron and cement applied for these coal blocks. H C Gupta, who is being probed by the CBI now, was coal secretary at the time.

CBI sources told TOIthat some more big companies are under the scanner and a few fresh cases would be registered soon.
Courtesy:
Neeraj Chauhan TNN
http://epaper.timesofindia.com/Default/Scripting/ArticleWin.asp?From=Archive&Source=Page&Skin=TOINEW&BaseHref=TOIM/2013/06/20&PageLabel=15&EntityId=Ar01503&ViewMode=HTML

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