Coal block allocation: CBI files 2 cases, raids firms | delhi | Hindustan Times
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Coal block allocation: CBI files 2 cases, raids firms

The CBI today booked two more firms -Nagpur-based Grace Industries and Kolkata-based Vikash Metal and Power Ltd - and their directors in the coal block allocation scam.

delhi Updated: Sep 23, 2012 01:43 IST
HT Correspondent

The CBI on Saturday booked two more firms -Nagpur-based Grace Industries and Kolkata-based Vikash Metal and Power Ltd - and their directors in the coal block allocation scam.

After registering the FIRs, the CBI searched seven locations in Nagpur, Chanderpur (Maharashtra), Kolkata, Asansole, Purulia (West Bengal) and Ghaziabad.

In all, the agency has filed seven FIRs so far including the two new cases filed on Saturday.

The CBI has alleged that Grace Industries owned by Nagpur-based industrialist Mukesh Gupta and his wife Seema, claimed the networth of their company was Rs. 120 crore, however the actual worth was just Rs. 3.3 crore. The company bagged Lohara east block in Maharashtra.

The second case has been filed against Vikash Metal and Power Ltd for allegedly misrepresenting about allocation of land for its power project in Begusarai in Bihar.

The firm claimed it had been allocated 300 acres by the Bihar Area Development Authority. However, the land allotment had already been cancelled. The firm was allocated Moira Madhujore (North and South) block in 2009.