 "Birla to meet FM on coal scam allegation")
Kumar Mangalam Birla, against whom an FIR was filed by the Central Bureau of Investigation (CBI) in the Rs 1.88 lakh crore coal block allocation scam, is likely to meet Finance Minister P Chidambaram later today.
Birla is scheduled to call on the finance minister in a few hours from now, officials said.
The scam broke after the national auditor Comptroller and Auditor General (CAG) last year had suggested that the arbitrary allocation of coalfields may have robbed the exchequer of potential revenues of Rs. 1.88 lakh crore between 2004 and 2009.
The CBI is looking into allegations of irregularities in coal block allocations to power and steel companies since 1993 in a Supreme Court-monitored investigation.
* CBI registered an FIR against K M Birla on Monday for criminal conspiracy along with former coal secretary P C Parakh
* Birla wrote letters on May 7, 2005 and June, 17 2005 requesting for allocation of Talabira II coal block in Odisha
* In Late July 2005, Birla met Parakh to pursue his request, post which Hindalco gets 15% equity share holding of the block
The CBI is looking into allegations of irregularities in coal block allocations to power and steel companies since 1993 in a Supreme Court-monitored investigation.
* CBI registered an FIR against K M Birla on Monday for criminal conspiracy along with former coal secretary P C Parakh
* Birla wrote letters on May 7, 2005 and June, 17 2005 requesting for allocation of Talabira II coal block in Odisha
* In Late July 2005, Birla met Parakh to pursue his request, post which Hindalco gets 15% equity share holding of the block