Coal scam: CBI questions Arvind Jayaswal

Jayaswal has been named by the agency in its FIR

PTI | September 17, 2012



The Central Bureau of Investigation on Monday questioned Arvind Jayaswal, Director AMR Iron and Steel Private Limited, in connection with alleged irregularities in allocation of Bander Coal block in western Indian state of Maharashtra to the company.

Jayaswal has been named by the agency in its FIR in which it alleged that the company concealed and misrepresented facts that its group firms were already been allocated coal blocks and that it was financially eligible to get the block.

The agency is likely to call for questioning other directors of the company including his brother Manoj and son of Congress MP Vijay Darda, Devendra who are also accused in the case against the company, CBI sources said.

They said Jayaswal has been questioned in connection with allegations that the company in order to prove financial eligibility to acquire the block fraudulently claimed that it was a proposed special purpose vehicle of Lokmat Group and ILFS.

It also claimed the combined networth of "proposed" vehicle as that of the company's, they said.

Vijay Darda has refuted all the allegations against him.

The CBI has alleged that the company "fraudulently and wilfully" concealed the fact that its group companies have already been allocated five coal blocks with an "object to avoid scrutiny on this count which would have weakened its claim", they said.

The agency has also alleged that the company representatives had met the then Minister of state for Coal in his "chamber" and admitted that it was allocated five coal blocks earlier.

CBI alleged that during the meeting with the then Minister of state for Coal--Santosh Bagrodia--the company claimed that it was not a part of the Jayaswal group but the equity was held by Lokmat Group, Abhijeet Infrastructure and IL and FS.

It is alleged that a letter was also sent to the Minister of Coal on September 22, 2008 where it allegedly misrepresented facts that it was not part of Jayaswal group.

Despite taking note of previous allocation of group companies of AMR Iron and Steel, officials in the Coal Ministry "wilfully" did not complete the enquiry against the company, the CBI sources alleged.

They said the agency would soon call public servants, who had examined the application and other documents related to the company, for questioning.

Comments

 

Other News

Development paradox: Falling poverty miracle and an inequality problem

India’s reduction in poverty over the past decade is a development achievement of considerable significance. The World Bank’s April 2026 ‘India Development Update’ estimates that the share of Indians living below the international extreme-poverty line of $3.00 per person per day i

In Arunachal, a river we call mother

In Arunachal Pradesh, the Siang is not just a river. For many of us, especially the Adi people, it is part of our family. Our grandparents fished in it. Children learned to swim in it. Our farms drink from it. When someone says a huge dam will be built on it, we do not hear the word "project".

A new retelling of the Mahabharata delves into key moments

In a time when every decision carries consequences and questions of ambition, power, loyalty, identity and moral choice continue to shape our lives, Dr. Arun Krishnan’s new book, ‘Mahakshana’ (Penguin India) offers a strikingly relevant retelling of the Mahabharata.  

Cabinet approves viability gap funding to develop grid-scale energy storage systems

The Union Cabinet, chaired by PM Narendra Modi, has approved the Viability Gap Funding (VGF) Scheme for Development of Grid-Scale Energy Storage Systems, with a total financial support of Rs.14,500 crore for the period FY 2026-27 to FY 2030-31. The scheme aims to support the development o

Cabinet creates a pathway to absorb Agniveers in Defence Forces

An objective assessment in terms of organisational requirements and operational efficiency has brought out the outstanding performance of Agniveers in terms of skills, motivation levels, physical fitness and technological prowess. As envisaged earlier, based on merit, 25% of Agniveers will be offered reg

Modi inaugurates, lays foundation stone of Pune Metro projects

Prime minister Narendra Modi inaugurated and laid the foundation stone for Pune Metro projects worth around ₹21,800 crore on Tuesday through video conferencing. Addressing the gathering on the occasion, the PM extended warm Diwali greetings to the people of Pune and Maharashtra and remarked that f

Upcoming Conferences



-->

Archives

Current Issue

Opinion

Facebook Twitter Google Plus Linkedin Subscribe Newsletter

Twitter