Abhijeet Group Scam
Delhi court sentences Abhijeet Infrastructure's officials in coal scam
A special CBI court on Wednesday awarded separate jail terms to the senior officials of Abhijeet Infrastructure Ltd in an alleged case of irregularities related to the allocation of three coal blocks in Jharkhand. Special Judge Arun Bhardwaj handed out a four-year jail term to the company's then managing director Manoj Kumar Jayaswal and a three-year imprisonment to then director Ramesh Kumar Jayaswal. A fine of Rs 30 lakh was imposed on the Nagpur-based company in the case related to irregularities in the allocation of Brinda, Sisai, and Meral coal blocks in the state. The court on December 9 held that forged documents were used by the convicts to secure the recommendation of the Ministry of Steel, Government of India, for the allocation of the coal blocks. The judge on Wednesday passed the order on sentence for the offence of cheating, criminal conspiracy and using forged documents as genuine. "Manoj Kumar Jayaswal is sentenced to undergo rigorous imprisonment for four years for
 "Delhi court sentences Abhijeet Infrastructure's officials in coal scam")
CBI files FIR against Abhijeet Group-promoted Corporate Power for fraud
The CBI has filed an FIR against Abhijeet Group promoted company Corporate Power Limited and its directors for alleged bank fraud of Rs 4,000 crore, officials said on Friday. The agency on Thursday searched 16 locations in multiple cities, including Nagpur, Mumbai, Ranchi, Kolkata, Durgapur, Ghaziabad, and Vishakhapatnam, in connection with the case, they said. Corporate Power Limited, a Kolkata-based special purpose vehicle promoted by Abhijeet Group for setting up a power plant in Jharkhand, allegedly committed a bank fraud of Rs 4037.87 crore involving a consortium of 20 banks, according to a complaint filed by Union Bank of India, now a part of the CBI FIR, the officials said. They said several companies of Abhijeet Group and some of its directors are already facing CBI probes in connection with coal scam cases and are charge-sheeted as well. Corporate Power Limited, initially named Chitarpur Coal and Power Ltd, had envisaged setting up a 540 MW power plant in Latehar district
 "CBI files FIR against Abhijeet Group-promoted Corporate Power for fraud")
CBI arrests promoters of Abhijeet Group, indicates 'large-scale' scam
The agency had registered a case in 2015 against the accused for criminal conspiracy, cheating
 "CBI arrests promoters of Abhijeet Group, indicates 'large-scale' scam")
