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CBI files FIR against Jindal Steel

| | Oct 19, 2014, at 07:10 pm
#CBI files FIR against Jindal Steel
New Delhi, Oct 19 (IBNS): The Central Bureau of Investigation (CBI) has registered a First Information Report against Jindal Steel & Power in connection with the coal block allocation case.
With this, the probe agency has registered the 36th FIR in the coal case.
 
JSPL, led by former Congress MP Naveen Jindal, has been booked under IPC sections 120B, 420 and 409.
 
It is among the several companies being probed by the CBI in the coal scam.
 
The coal scam had sprung into headlines after the Comptroller and Auditor General's (CAG) report on coal block allocation estimated a loss of Rs 1.86 lakh crore to the national exchequer owing to irregular allocations.
 
The CAG named 25 private companies as beneficiaries of coal block allocations in various states. 
 
They included companies like Essar Power, Hindalco, Tata Power, Tata Steel and Jindal Steel and Power Ltd. 
 
The Supreme Court recently cancelled 214 coal block allocations between 1993 and 2008 sparing just four, which are government-run non-joint ventures.

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