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| Politics
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| Coal scam: industrialist Kumar Mang |
| Coal scam: industrialist Kumar Mangalam Birla accused of cheating
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| INDIA
, 15-October-2013
3:34:19 AM |
| Kumar Mangalam Birla, one of the richest industrialists in India, has been charged with conspiracy and cheating to land a coal field in Odisha in 2005. PC Parekh,who was then the Coal Secretary, has also been named in the new chargesheet filed by the CBI, which is investigating how and why private firms landed coal licenses at throwaway prices from the government. The alleged scam is one of a series of corruption scandals that have engulfed the ruling coalition as it preps to ask voters for a third consecutive term.
Mr Birla, 46, is the head of the Aditya Birla Group, which is named after his father. The group's business interests range from metal to cement to telecom. Coal mines are needed to fire captive power plants for making aluminium.
Because the Prime Minister was also Coal Minister during some of the years under scrutiny, the opposition has been demanding his resignation over "Coal-Gate."
Sources in the CBI said today that Mr Birla will be questioned soon; today, offices of his firm, Hindalco, were raided in Hyderabad, Mumbai and Bhubaneswar.
Speaking to NDTV today, a spokesperson for the Aditya Birla Group said, the company has not received a copy of the FIR filed by the CBI, and that the group believes "there is no reason for us to get an FIR."
Recently, the CBI questioned senior Congress leaders Vijay Darda and Navin Jindal, who are linked to firms that landed mining rights, about alleged irregularities.
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