CBI court convicts JIPL and Its Directors R.S. Rungta, R.C. Rungta in Coal scam

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The case involves JIPL and its directors who are accused in acquiring the coal block on the basis of false documents. The arguments on their sentencing will begin on March 31.

IndiaCSR News Network

NEW DELHI: In the first verdict to emerge in the coal scam, a Special CBI Court on Monday, March 28, 2016 convicted Jharkhand Ispat Private Limited (JIPL) and two of its directors R.S. Rungta and R.C. Rungta in a coal scam case pertaining to allotment of coal block, which has manufacturing facility at Ramgarh in Jharkhand and company has incorporated on 12 March 1991. Company is classified as Indian Non-Government Company and is registered at Registrar of Companies. JIPL is a part of RC Rungta Group companies.

The case is related to the allocation of Jharkhand’s North Dhadu coal block to JIPL and other companies.

RC Rungta GroupThis is the first coal block allocation scam case in which the CBI special court, which was set up to solely deal with all the coal scam matters.

The case involves JIPL and its directors who are accused in acquiring the coal block on the basis of false documents. The arguments on their sentencing will begin on March 31.

The court had on March 21, 2015 framed charges against them for the alleged offences punishable under Sections 120-B (criminal conspiracy) read with 420 (cheating), 467 (forgery of valuable security), 468 (forgery for the purpose of cheating) and 471 (using a forged document as genuine) of the Indian Penal Code (IPC).

On December 23, 2015, the court had dismissed RS Rungta’s plea to summon former Prime Minister Manmohan Singh and ex-minister of state for coal Dasari Narayan Rao as defence witnesses in the case. Rungta brothers were granted bail on January 14, 2015 on a personal bond of Rs 1 lakh each and a surety of the like amount.

CBI had alleged that JIPL along with three other firms, M/s Electro Steel Casting Ltd, M/s Adhunik Alloys and Power Ltd and M/s Pawanjay Steel and Power Ltd, was jointly allocated North Dhadu coal block by 27th and 30th screening committee. CBI had alleged that no efforts were made either by the screening committee to verify the claims made by the applicant firm and that MoS also did not develop any methodology for assessment of the applicant companies. It had claimed that some records of MoC relating to the case was stated to be missing and a separate preliminary enquiry has been registered by CBI.

The coal allocation scam, pertained to the “inefficient” allocation of the country’s coal deposits to public sector entities and private companies between 2004 and 2009.

(IndiaCSR and Media inputs)

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