CBI to soon close case against Hindalco, KM Birla

The CBI will this week close its probe into alleged irregularities related to the allocation of the two Odisha coal blocks in 2005 to aluminium maker Hindalco since it found no criminality, giving a clean chit to Aditya Birla Group chairman Kumar Mangalam Birla and former coal secretary PC Parekh.

The CBI will this week close its probe into alleged irregularities related to the allocation of the two Odisha coal blocks in 2005 to aluminium maker Hindalco since it found no criminality, giving a clean chit to Aditya Birla Group chairman Kumar Mangalam Birla and former coal secretary PC Parekh.

Birla, Hindalco and Parakh were named in the First Information Report filed by the agency in October 2013.

“We will close our probe related to the allocation of coal blocks to Hindalco since no criminality was found. The allocation was found to be regular,” CBI director Ranjit Sinha told HT.