Mighty Wal-mart faces India-like protests in New York too
Ebela targets youth, Times group in Bengali print market

Corporate Sep 22, 2012

Coalgate: CBI registers two new cases against private cos

CBI registered two fresh cases against two private companies in its ongoing probe into the coal block allocation scam and carried out searches at seven locations across the country.

The probe agency has charged Grace Industries and Vikash Metals and Powers Limited for alleged misrepresentation of their net worth and joint venture to illegally get coal blocks, CBI sources said.

Reuters

The sources said raids are being carried out at seven locations in Kolkata, Nagpur, Purulia and few other places. The Managing Directors of these companies and unknown government officials have been charged with cheating, criminal conspiracy and under sections of Prevention of Corruption Act, they said.

Earlier, the CBI had registered five cases this month in this connection. The cases were registered against AMR Iron & Steel Private Ltd, JLD Yavatmal Energy Ltd, Navbharat Power Private Limited, Vini Iron & Steel Udyog Ltd and JAS Infrastructure Capital.

PTI

Related Stories.