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    Posted on 04 September 2012

    CBI files five cases against five companies for making false claims for coal allocation

    The CBI team carried out raids in 30 locations across the country before slapping charges of corruption and misrepresentation

    Tehelka Bureau
    New Delhi

    In what is claimed to be completely detached from the chaos surrounding the findings of the Comptroller and Auditor General's (CAG) report on allocation of coal to private players, the Central Bureau of Investigation (CBI) has filed five cases against five companies on the charges of false claims and misrepresentations related to getting coal blocks allocated. The premier investigative agency, which raided 30 locations in places such as Nagpur, Kolkata, Bhilai, Yavatmal, Raipur, Dhanbad, Ranchi, Hyderabad, Mumbai and Delhi, has named 20 people connected to the companies in the FIR.

    Along with the companies and the directors of all the five entities, unknown public servants have been named in the FIR and an inquiry will be held. The companies that have been named are Nagpur based JAS Infrastructure Capital Pvt.Ltd and M/S AMR Iron and Steel Pvt. Ltd, JLD Yavatmal energy Ltd with offices in Kolkata and New Delhi, Hyderbad-based Navabharat Power Pvt. Ltd and Kolkata-based Vini Iron and Steel Udyog Ltd. The said five companies had been allocated 6 blocks in coal mines in four states in total – Mahuagiri coal block in Jharkhand, Bander Coal Block in Maharashtra, Fatehpur coal block in Chhattisgarh, Rampia & Dip side of Rampia coal blocks in Orissa and Rajhar (north) Coal Block in Jharkhand respectively.

    According to sources, JAS Infrastructure Capital of Abhijeet group, AMR Iron and Steel and JLD Yavatmal Energy have a sole promoter. The sources added that involvement of Vijay Darda Rajya Sabha MP from Maharashtra, who has 7 percent stakes in JAS infrastructure along with his son Devendra Darda. Devendra is said to be the director of JAS and has also been named in the FIR.

    The family also is associated with JLD Yavatmal energy, which is supposedly named after Darda's father Jawaharlal Darda. To add to further embarrasment to the Congress, Vijay Darda's brother and Maharashtra Education Minister Rajendra Darda also has been named in the FIR in relation to JLD Yavatmal.

    Others who have been named in the FIR are Manoj Jaiswal, Anand Jaiswal and Abhishek Jaiswal. Manoj Jaiswal is purportedly the owner and promoter of the three companies and is also said to be related to the current Coal Minister Shriprakash Jaiswal.

    In the case of Navabharat Pvt Ltd, earlier owners Prasad Brothers ( P.Trivikrama Prasad and Y.Harish Chandra Prasad) have sold majority stakes to ESSAR since the allocation – 5000 shares worth Rs.50 crores. Alike other companies, this company too had allegedly claimed to own more equity than it possessed to qualify for coal allocation. Vini group, while applying for coal, falsely claimed that they had a tie-up with 15 companies. On investigation by the CBI, nine of those 15 companies said that they had never joined the group.

    “These companies made false claims while applying for allocations by showing equity that did not exist. We have not made any arrests. The investigation has just begun,” said a CBI spokesperson addressing the media.

    The cases related to the five companies are criminal conspiracy, misrepresentation and false claims as well as 13 (1) (d) read with 13(2) of Prevention of Corruption Act. Sources in the CBI also indicated that more names could be added in the coming days.

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    Posted on 04 September 2012



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