JSPL connived with coal officials to mine illegally: CBI
Moneylife Digital Team 09 January 2015

The CBI probe in the coal scam points fingers at officials in the government and the company in the mining allowances given to the company

 

A CBI investigation report into the coal scam has said that Jindal Steel and Power Limited (JSPL) and Coal Ministry officials connived to allow JSPL to mine coal illegally.
 
JSPL was headed by Congress MP Naveen Jindal. The agency has also filed 17 new FIRs in the coal scam under the Prevention of Money Laundering Act (PMLA).
 
A PTI report said that as against an approved mining volume of 1.35 million tonnes for four years leading up to 2002-03, JSPL had mined a total of 5.9 million tonnes.
 
The CBI has filed cases under both, the Indian Penal Code and Prevention of Corruption Act against officials of companies it is investigating in connection with the coal scam.
 
The agency is working with the Enforcement Directorate on various cases.
 
The JSPL stock fell on the new revelations in the case, it closed the day down by 2.99% at Rs152.75 on the Bombay Stock Exchange.
 
Comments
Dr Anantha K Ramdas
1 decade ago
Though we "elect" the people to represent us, we attach too much importance to them and do not even have the guts to protest when there is enough information available about their "not doing the job, in the right and legal manner".

If JSPL officials "connived" with "coal officials", the least that the government machinery can do, is to order suspension of both until the investigations are complete.

An investigating group has to take over such a responsibility and carry out the job, however unplesant it may be.

We cannot allow this kind of virus to spread. Pending completion of the investigation, all the officials concerned, on both sides, need to be kept under "suspension" and a time frame should be set up to get to the bottom of the mess.

guilty needs to be punished, regardless.
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