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| Politics
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| Five companies booked for cheating, |
| Coal scandal: Five companies booked for cheating, one linked to Congress MP Vijay Darda
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| INDIA
, 4-September-2012
3:25:42 AM |
| The CBI has filed First Information Reports or FIRs against five private firms who were allocated coal blocks in Jharkhand and Chhattisgarh. The FIR refers to charges of cheating against JLD Yavatmal, Jas Infrastructure, AMR Iron and Steel, JLD Yavatmal, Vinni Iron and Steel and Navbharat Power.
The CBI is investigating whether companies misreported their financial or technical qualifications to be granted valuable coal fields in possible collusion with government officials.
Two of the five companies booked today are linked to Congress MP Vijay Darda from Maharashtra - he has 7% stake in Jas Infrastructure along with his son, Devendra. The politician was also linked closely to JLD Yavatmal, a company named after his father. Mr Darda says he exited this firm in 2009. The BJP has alleged that Mr Darda used his political influence to lobby for coal blocks for his own family. But last night, Mr Darda told NDTV, "I was not in the driver's seat...my son was leading the show." He added, "Where is the nexus? Everyone has the right to do business. My conscience is absolutely clear. I am very happy," he said.
The Congress has already been heavily embarrassed by the revelation that union minister Subodh Kant Sahai in 2008 wrote to the Prime Minister's Office, lobbying for coal blocks for a company that has his brother as a Director.
The CBI is conducting raids in 10 different cities including Kolkata, Patna, Hyderabad, Dhanbad, Nagpur, Mumbai and Delhi
The CBI's inquiry is rooted in a complaint filed by BJP leader Prakash Javadekar four months ago with the government's anti-graft department or Central Vigilance Commission (CVC). Then, last month, the government auditor or CAG said that 142 coal fields allocated between 2004 and 2009 had allowed private firms to get windfall benefits of upto 1.86 lakh crores because the coal mines were sold at highly undervalued rates, instead of being auctioned. That has led to a huge political crisis,
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