STOCK MARKET BSE NSE

Special Court to Pronounce First Verdict in Coal Scam Tomorrow

Special CBI Judge Bharat Parashar had on March 21 fixed the matter for tomorrow for pronouncing the verdict.

Published: 27th March 2016 10:43 AM  |   Last Updated: 27th March 2016 10:43 AM   |  A+A-

By PTI

NEW DELHI: A special court is likely to pronounce tomorrow its first judgement in the coal scam in which Jharkhand Ispat Pvt Ltd (JIPL) and its two Directors are 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 tomorrow for pronouncing the verdict.

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.

The case involves JIPL and its directors R S Rungta and R C Rungta who are accused of acquiring the coal block allegedly on the basis of false and forged documents.

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.

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.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp