SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 27 Sep, 2014  

CBI.9.Thmb.jpg CBI to question ex-coal secretary Parakh this week

Coal.9.jpg
   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
SME Times News Bureau | 23 Apr, 2014
The Central Bureau of Investigation issued a summon to former coal secretary P.C. Parakh Tuesday and is likely to question him this week in the coal block allocation scam, said informed sources.

The sources said that the agency asked Parakh to appear at its Delhi office this week probably on April 25 Friday.

It is alleged that Parakh misused his official position in granting a coal block in Odisha to Hindalco, a company of Aditya Birla Group.

The allegation is that the screening committee had alotted the Talabira-II coal block to public sector undertaking (PSU) Neyveli Lignite Limited but the decision was changed by Parakh after he received a request sent by Birla Group chairman Kumar Mangalam Birla from the Prime Minister's Office for reconsideration of the decision.

The CBI last year registered a case against Parakh and Birla, besides "unknown" officials of Hindalco and the coal ministry.

The agency alleged that during 2005, these people entered into a criminal conspiracy and Parakh abused his position to show undue favour to the Odisha-based industry in allocation of Talabira-II and Talabira-III coal blocks along with the PSU.

According to the FIR, Neyveli Lignite Limited was to be given Talabira-II block but Parakh allegedly favoured Hindalco and allowed it to share the block with Neyveli,leading to a loss to the exchequer.
 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Yes
 No
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter