Coal block allocations: Two fresh cases, raids in seven cities

September 22, 2012 | Business | Written by

New Delhi, Sep 22: The Central Bureau of Investigation (CBI) Saturday registered two new separate cases against two private companies, their directors and other public servants in the coal block allocation case and conducted raids in seven cities across the country.

The agency, which has been already probing the case, has charged Vikash Metals and Powers Limited and Grace Industries for alleged misrepresentation of their net worth and joint ventures to illegally get coal blocks, CBI sources said.

Raids were conducted on offices of these firms in Purulia and Asansol (West Bengal), Nagpur and Ghaziabad, among other places.

The managing directors of these companies and some unknown government officials have been charged with cheating, and criminal conspiracy as well under the Prevention of Corruption Act, the sources added.

CBI had earlier registered five cases and conducted searches at 30 locations on Sep 4.

IANS