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Provider: Motilal Oswal Securities Ltd.

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CBI Books Jindal Steel And Power Ltd's Naveen Jindal and Former Minister Of Coal In Fresh FIR In Coal Scam-Business Standard

Tuesday, 11 Jun 2013 03:56am EDT 

Business Standard reported that the Naveen Jindal and former Minister of State for Coal Dasari Narayan Rao have been named as accused in the fresh FIR filed by CBI in connection with the coal allocation scam. The agency has also booked Jindal Steel And Power Ltd and four other companies in the scam. CBI sources said after registering the fresh cases, teams carried out searches June 11, 2013 at 15 locations including the residence of Congress MP from Kurukshetra Jindal and Rao at New Delhi and Hyderabad respectively. They said other companies including Gagan Sponge, Jindal Realty and New Delhi Exim besides Rao's company Saubhagya Media have been booked for alleged cheating and misrepresentation of facts in bagging Amarkonda Murgadangal block in Birbhum district of Jharkhand in 2008. Reacting to the development, Head of External Affairs, Jindal Steel and Power Limited, Manu Kapoor said, JSPL, as a law abiding company, is governed by a strong ethical code of conduct. This is an ongoing CBI investigation into coal block allocation. At this stage of investigation, JSPL is committed to fully cooperate with CBI. 

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