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Dozen more FIRs in coalgate soon

The CBI plans to register around a dozen more FIRs against companies that were involved in the coal block allocations between 2006 and 2009 as it suspects them to be hoarders and fly-by-night operators.

delhi Updated: Sep 06, 2012 01:56 IST
HT Correspondent

The CBI plans to register around a dozen more FIRs against companies that were involved in the coal block allocations between 2006 and 2009 as it suspects them to be hoarders and fly-by-night operators.

Investigators say the form for applying for the coal blocks clearly asked the applicants to disclose previous allocations to it and to the group it belonged to. The form also asked for the status of the blocks allocated in the past.

“Now we have to check whether it was only misrepresentation of facts or some forgery was also done to make a company eligible for allocation,” the source said.

“We also suspect that although many applicants had done nothing to develop the blocks allocated previously still got fresh blocks,” the source added. The chairman of the Nagpur-based Abhijeet group, Manoj Jayaswal, who has been named in three of the five FIRs registered so far, already had around half a dozen coal blocks. An Abhijeeet group spokesperson declined any comment on the issue.

“When Jayaswal’s three companies — JLD Yavatmal Energy, AMR Iron and Steel and JAS Infrastructure Capital — applied for fresh coal blocks, the previous allocations were not disclosed,” said a source.

CBI also suspects that Navbharat Power may have been floated only to get the blocks. Navbharat, which had got blocks in Orissa, was bought by Essar Power for Rs 230 crore.

Besides, although the company first claimed to have an understanding with a Singapore-based company, it was found to be valid for only 90 days. The source said to jack up its net worth, Navbharat said it had an MoU with an American company, which proved to be non-existent.

An Essar spokesperson, however, said “We deny that Navbharat was a front of Essar.”