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Coal scam: Congress MP gets bail

Coal scam: Congress MP gets bail

| | 23 May 2014, 03:42 pm
New Delhi, May 23 (IBNS) A Delhi court on Friday granted bail to Congress MP Vijay Darda in the coal blocks allocation case.

The Central Bureau of Investigation (CBI) chargesheeted him for alleged criminal conspiracy and cheating in March.

"CBI said that Darda and his company AMR Iron and Steel Pvt ltd misrepresented the facts and provided incorrect information at the time of the allocations. The CBI also said that the company violated the eligibility criteria set for the allocation," reported CNN-IBN.

Meanwhile, the CBI on Friday filed its 20th First Information Report (FIR) in the coal blocks allocation scam.

According to reports, the CBI named Nagpur-based company Jayaswal Neco Industries in the FIR.

The coal scam had sprung into headlines after the Comptroller and Auditor General's (CAG) report on coal block allocation estimated a loss of Rs 1.86 lakh crore to the national exchequer owing to irregular allocations.

The CAG named 25 private companies as beneficiaries of coal block allocations in various states. They included companies like Essar Power, Hindalco, Tata Power, Tata Steel and Jindal Steel and Power Ltd.

The allocations date back to the time when Prime Minister Manmohan Singh was holding the portfolio. 

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