The Jharkhand coal scam had hit the headlines in after an audit report by Comptroller and Auditor General of India (CAG) revealed that. The coal allocation scam, popularly known as ‘Coalgate’ in media. At the initial report of CAG only said that the blocks of coal could have been allocated with. The government’s thrust after the coal scam report by the Comptroller and Auditor General of India (CAG) is in the direction of cancelling allocations of coal.
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The court will announce the sentence against Madhu Koda in a coal scam case tomorrow. With allegations of corruption mounting against the UPA-2 government, then Prime Minister Manmohan Singh said he will quit office if proven guilty.
As cg scam was unearthed, the tag of corruption got attached to the Congress government, something that the party, now out of power, is still fighting to shrug off.
The page explosive report on the 2G scam, brought forth one of the biggest “scams of our times”, giving the then United Progressive Alliance UPA government jitters, which ultimately led to its downfall. One of these blocks was awarded to Jindal. Another coal-to-liquid block — North of Akrapal allocated to the Strategic Energy tech System Zcandal, which is a joint venture between the Tata group and South African firm Sasol has also been de-allocated.
Supreme Court stayed the trial court’s order summoning Manmohan Singh. repoort
Indian coal allocation scam
After the special court held Koda and two others guilty of scanndal and coak conspiracy today, the sentencing in the case will take place tomorrow. Retrieved 22 March Over the Summer ofresulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption.
The power ministry asked its coal counterpart in March to direct allottees of captive in blocks to sign long-term power purchase cga PPAs or risk cancellation of the blocks. The two companies, whose 4 blocks figure in the list of 11 to be de-allocated, said that they are being punished for no fault of theirs.
For Monnet, Urtan North and Rajagamar Dipside blocks are supposed to be the captive raw material source for its over a million tonne steel plant in Chhattisgarh’s Raigarh, which is now in final stages of commissioning.
In oj way, the rights for the use of the coal block ultimately passed on to KSK. In fact, there was no legal impediment to introduction of transparent and objective process of competitive bidding for allocation of coal blocks for captive mining as per the legal opinion of July of the Ministry of Law and Justices and this could have been done through an Administrative decision.
The neutrality of this article is disputed. Retrieved 16 September Both as a politician and a businessman, the Congress member of parliament in xag Lok Sabha has become known for allying himself to causes that reach beyond party lines but simultaneously reinforce his reputation cxg a tenacious lobbyist. The allocation of coal blocks and the previous allotment of 2G spectrum have been the subject of controversy for a while now.
It was the first coal scam case in which senior government officials were held guilty. In three separate reports, quantifying the notional loss to the exchequer at Rs. The inter-ministerial group IMG reviewing coal block allocations recommended the encashment of bank guarantees furnished by Tata Power Co. However, former Minister of State for Coal Scansal Narayan Rao, also an accused in the FIR, had written a note to the then Coal Secretary and showed “undue favour” to Jindal’s firm which had misrepresented the facts regarding its “preparedness in setting up their proposed end used plant EUP “.
Yet, the cost of power is already very high for industrial users. From this record, the CAG draws the following conclusions:. Coal allocation scam or Coalgate  is a major political scandal concerning the Indian government’s allocation of the nation’s coal scanral to public sector enterprise PSEs and private companies. Worst fears of power companies come true”. Will the high-ups be probed? Bhattacharya, Kumar Mangalam Birla, P.
Pleas for fresh probe filed in SC”. The Naveen Jindal Group had allegedly “misrepresented” facts and was shown favour by the Jharkhand Government which dropped other firms from its recommendation for allocation of coal blocks in the state inthe CBI has said in its FIR filed before a court here in Coalgate. Nearly are related to the period between and in which rdport coal blocks were allocated. A report of the parliamentary standing committee said that the allocation of blocks between and had been unauthorised.
The company, which applied for a block on 12 Januaryand was awarded it on 17 Juneis sitting on reserves of Defending the coalfield allocation process, over which the government has been accused of wrongdoing, the Congress again rejected the demand for the cancellation of mine allotments and said scandall no one benefited from coal allocation as it cannot be sold.
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Parikh, who was then member, energy, at the Planning Commission. Do You Like This Story? During the presentation, a number of companies pointed to the continued unending delays in land acquisition, getting environmental clearances and regulatory hurdles for delays in development of the mines.
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The two companies, whose 4 blocks figure in the list of 11 to be de-allocated, said that they are being punished for no fault of theirs. Retrieved 1 June Koda and nine others were later granted bail.
The CAG devotes ten pages of its report to reviewing the legal basis for an auction, and comes to the following conclusion:. Along with Mr Koda and Mr Gupta, three others have also been convicted for irregularities in the allocation.