CBI REGISTERS A CASE AGAINST A PRIVATE FIRM; ITS DIRECTORS AND OTHERS IN CONNECTION WITH ALLEGED FALSE CLAIMS MADE BY THEM IN COAL BLOCK ALLOCATION; CONDUCTS SEARCHES

Press Release
New Delhi , 27.04.2013

     The Central Bureau of Investigation has registered a case under sections 120 B r/w 420 of IPC and 13 (2) r/w 13 (1) d of PC Act against a Delhi based Steels & Mining Private Limited Company; its two Directors and some unknown Public Servants & unknown others in connection with the allegations related to getting Brahmapuri coal blocks allocated on the basis of misrepresentations and false claims in the applications, presentations and connivance/lack of due diligence on part of unknown others. It was alleged that the said Delhi based private company was recommended the allocation of Brahmapuri Coal Block by the Screening Committee for its proposed Sponge Iron End Use Project in District Durg (Chhattisgarh). The allocation of this coal block was done on the basis of alleged false information that it had a Iron Ore Mining Lease while it had none. It was further alleged that the company did not have any experience in steel manufacturing and the networth of the group companies/ firms was around Rs.3.01 Crores (approx), which was insignificant.

 

     Searches were conducted today at 10 places in Delhi, Ghaziabad(Uttar Pradesh), Faridabad, Narwana (both in Haryana) and Raipur (Chattisgarh). These places included the office & factory premises of said private company; residential premises of its Directors and the office premises of its sister concerns/group companies. Certain incriminating documents recovered during searches from these places pertaining to the allocation of the coal block including the computer hard disks are presently under scrutiny.

 

     Further investigation is in progress.

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