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HindustanTimes Thu,23 Oct 2014

CBI registers 11th FIR in case, raids Delhi firm

HT Correspondent, Hindustan Times  New Delhi, April 28, 2013
First Published: 00:42 IST(28/4/2013) | Last Updated: 00:43 IST(28/4/2013)

The CBI on Saturday registered the 11th FIR in the coal blocks allocation scam — this time against Delhi-based Pushp Steels and Mining Pvt Ltd.

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The FIR names the firm and its directors Atul Jain and Sanjay Jain for misrepresenting facts while applying for a coal block in Madhya Pradesh in 2006. It also names unknown coal and steel ministry officials and “unknown others” for conspiring to help the firm secure the Brahmapuri coal block in Madhya Pradesh in 2006.

“The block was allocated on the basis of the firm’s claim that it had an iron ore mining lease in Chhattisgarh’s Durg district. But in reality, it had none,” said CBI spokesperson Dharini Mishra.

The CBI also raided 10 of the company’s locations across the country, including addresses in Delhi, Ghaziabad and Faridabad.

“During the searches, we seized some crucial allocation-related documents and computer hard disks, which are under scrutiny,” the source added.

The firm also allegedly did not have a recommendation from the MP government. “There was connivance and lack of due diligence on the part of unknown public servants and others,” said a CBI source. When checked, it was found that the firm had no experience in steel manufacturing.

The agency also suspects that the firm did not have enough capital to start mining operations. “The total net worth of the firm and of its group companies was only around Rs. 3.01 crore – which is insignificant,” the source said.


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