Coal scam verdict: Jharkhand Ispat, two directors convicted by Special Court

A special court has convicted Jharkhand Ispat Pvt Ltd and two of its directors R S Rungta and R C Rungta in the coal block allocation scam case.
The two directors have been convicted of criminal conspiracy and cheating under the Indian Penal Code (IPC).

The court ordered that the two be taken into custody. The court has fixed March 31 for hearing arguments on the quantum of the sentence in the case.

Jharkhand Ispat Pvt Ltd (JIPL) and its two Directors were facing trial in a case of allotment of a coal block in Jharkhand.
Special CBI Judge Bharat Parashar had on March 21 fixed the matter for Monday for pronouncing the verdict.
Representational Image


CIL to conduct two-day e-auction of coal to power plants from March 30
This is the first case in coal block allocation scam in which the Special Court, exclusively dealing with all the related matters, is to pronounce its verdict.
JIPL and the two directors are accused of acquiring the coal block on the basis of false and forged documents.
Finance Minister Arun Jaitley


Arun Jaitley to push Adani coal project on Australia visit
The court had on March 21 last year framed charges against them for the alleged offences punishable under sections 120-B (criminal conspiracy) read with 420 (cheating), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating) and 471 (using a forged document as genuine) of IPC.
All the accused had pleaded not guilty and claimed trial, while refuting the allegations levelled against them by CBI.
Representational Image


BHEL commences 600-MW coal-based unit in Telangana
On December 23 last year, the court had dismissed R S Rungta’s plea to summon former Prime Minister Manmohan Singh and ex-Minister of State for Coal Dasari Narayan Rao as defence witnesses in the case.

The court had granted Rungtas bail on January 14 last year on a personal bond of Rs one lakh each and with one surety of the like amount.
In its charge sheet, CBI had alleged that during the probe, it was found that JIPL had “grossly misrepresented” a number of aspects before Ministry of Steel (MoS) and Ministry of Coal (MoC) to inflate their claim and thereby induced the MoC officers and the screening committee to allocate the coal block to them.
CBI alleged that JIPL along with three other firms, M/s Electro Steel Casting Ltd, M/s Adhunik Alloys and Power Ltd and M/s Pawanjay Steel and Power Ltd, was jointly allocated North Dhadu coal block by 27th and 30th screening committee.
CBI had alleged that no efforts were made either by the screening committee to verify the claims made by the applicant firm and that MoS also did not develop any methodology for assessment of the applicant companies.
It had claimed that some records of MoC relating to the case were stated to be missing and a separate preliminary enquiry has been registered by CBI.
(With agency inputs)

Posted by on March 28, 2016. Filed under State. You can follow any responses to this entry through the RSS 2.0. Both comments and pings are currently closed.