Financial scrutiny reports of 30 companies missing | delhi | Hindustan Times
Today in New Delhi, India
Feb 27, 2017-Monday
-°C
New Delhi
  • Humidity
    -
  • Wind
    -

Financial scrutiny reports of 30 companies missing

delhi Updated: Aug 23, 2013 01:36 IST
Rajesh Ahuja
Rajesh Ahuja
Hindustan Times
coal scam

The CBI is yet to get a key report on independent scrutiny of financial strength of around 30 companies that were allocated captive coal blocks on the recommendations of 35th screening committee.

The scrutiny was done by financial experts from the Coal India Limited (CIL) and it was one of key criteria for allocation of coal blocks.

The CBI has filed 13 FIRs so far in the coal scam and in most of the cases agency investigators have found that accused fudged records about their financial strength to get coal blocks.

Congress MP Naveen Jindal’s Jindal Steel and Power and coal minister Sriprakash Jaiswal’s relative Manoj Jayaswal’s company Jas Infrastructure had been allocated coal blocks on the basis of recommendations made by 35th screening committee. These two companies have already been named as accused by the probe agency.

Besides, the CBI is still awaiting final minutes of 26th screening committee meeting that was held on May 1, 2005.

According CBI sources, the minutes of screening committee are important to know how a particular coal block was allocated to a company.

But the Comptroller and Auditor General (CAG) had found that there were many cases wherein recommendation to allocate a coal block to an applicant company was made on the basis of minutes of the screening committee.

But there was nothing on record or any other document to show how screening committee reached at the decision.

“We have many doubts about the screening committee deliberations and preparation their minutes,” said a CBI investigator.