 "CBI chargesheets Navabharat Power")
The Central Bureau of Investigation (CBI) on Monday filed the first chargesheet in the coal block allocation scam in a Delhi court against Hyderabad-based Navabharat Power.
The agency has also named company’s directors P Trivikrama Prasad, chairman of Navabharat Power, and Y Harish Chandra Prasad, vice-chairman of the company, in the chargesheet. However, after one-and-a-half years of probe into the case, CBI is still to find if there is involvement of any public official in the conspiracy.
CBI is likely to file five more chargesheets in the coal scam, with most of them from the initial set of FIRs filed in September 2012 against AMR Iron and Steel, JLD Yavatmal, Vini Iron and Steel and Jas Infrastructure. The agency has said in its chargesheet that Navabharat “embellished their net worth by quoting the net worth of global giants – Suez and GlobalQue – without legal basis, during the coal block allocation process”.
CBI has alleged Navabharat Power concealed material facts in order to qualify to get the Rampia coal block and the ‘dip side’ of Rampia in Odisha in 2008. The apex court has asked CBI to file five more chargesheets in the coal allocation scam by March 28.
The agency has also named company’s directors P Trivikrama Prasad, chairman of Navabharat Power, and Y Harish Chandra Prasad, vice-chairman of the company, in the chargesheet. However, after one-and-a-half years of probe into the case, CBI is still to find if there is involvement of any public official in the conspiracy.
CBI is likely to file five more chargesheets in the coal scam, with most of them from the initial set of FIRs filed in September 2012 against AMR Iron and Steel, JLD Yavatmal, Vini Iron and Steel and Jas Infrastructure. The agency has said in its chargesheet that Navabharat “embellished their net worth by quoting the net worth of global giants – Suez and GlobalQue – without legal basis, during the coal block allocation process”.
CBI has alleged Navabharat Power concealed material facts in order to qualify to get the Rampia coal block and the ‘dip side’ of Rampia in Odisha in 2008. The apex court has asked CBI to file five more chargesheets in the coal allocation scam by March 28.