CAG REPORT ON COAL SCANDAL PDF
The Jharkhand coal scam had hit the headlines in after an audit report by Comptroller and Auditor General of India (CAG) revealed that. The coal allocation scam, popularly known as ‘Coalgate’ in media. At the initial report of CAG only said that the blocks of coal could have been allocated with. The government’s thrust after the coal scam report by the Comptroller and Auditor General of India (CAG) is in the direction of cancelling allocations of coal.
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Advocate General, Punjab as the cqg public prosecutor and Justice Bharat Parashar as the judge of the special court that will hear the case on a day-to-day basis.
Madhu Koda and HC Gupta in another case pertaining to alleged irregularities in allocation of Amarkonda Murgadangal coal block in Reportt. The Supreme Court is monitoring the Coalgate scam cola into coal block allocations since being conducted by CBI following three public interest litigation petitions alleging that rules were flouted in giving away the natural resources and favouring certain companies at a huge loss of crores to the national exchequer.
It the spokesperson said that grant of EC is in the “final stage” and the company is hopeful that it will be cleared by EAC in their “forthcoming meeting” to be held later this month.
Retrieved 6 September Singh addresses the question of legal authority in paragraphs 14—18 of his Parliamentary statement:.
What is the coal scam all about in which ex-Jharkhand CM Madhu Koda is convicted – India News
Click here to read full edit. Pages 22—27 chronicle key correspondence between the Secretary Coalthe Minister of State Coalthe prime ob Office, and the Department of Legal Affairs from to It had stated that licenses had been issued to ineligible applicants who had deliberately suppressed facts, disclosed incomplete information, submitted fictitious documents and used fraudulent means for getting licenses and thereby access to spectrum.
Therefore, aggregating the purported financial gains to private parties merely on the basis of the average production costs and sale price of CIL could be highly misleading. You may have well laid down policy but was it implemented? Incoal secretary P C Parakh informed PM the potential fraud inherent in the discretionary allocation of the captive coal fields and objected to it in writing. From this record, the CAG draws the following conclusions:. The Central Bureau of Investigation CBIwhich is probing alleged irregularities in the allocation of coal blocks to private companies between andsaid it would extend the investigation to companies that have been allotted blocks starting in The government, already under fire for irregularities in the allotment of captive coal blocks, may encounter more trouble, with two consultants and a government official admitting that there have also been significant irregularities in assuring supply of coal to private sector power projects.
The coal ministry is sending a stock reply to hundreds of Right to Information RTI applicants, citing the ongoing Central Bureau of Investigation CBI probe as a reason for not being able to provide answers to questions seeking details on the controversial coalfield allocations. In fact, this is the basis of our earlier legal advice. On 26 April the CBI director Ranjit Sinha submitted an affidavit in the Supreme Court stating that the coal scam status report prepared by the investigating agency was shared with the law minister Ashwani Kumar “as desired by him”, joint secretary-level officers from the Prime Minister’s Office PMO and the coal ministry before presenting it to the court on 8 March  It contradicts the claim made by CBI counsel in SC that the coal scam report was not shared with any member of the government.
The resulting list, a veritable Who’s Who of Indian commerce, ensured that the topic of coal allocations would be one of the most written about stories of The IMG, which includes officials from the ministries of steel, power, economic affairs, industries and law and is chaired by the additional secretary Zohra Chatterji of the coal ministry, held a meeting on Monday and decided to meet again on Thursday, Friday and Saturday after discussions spanning over two hours.
Indian coal allocation scam
On September 24,Supreme Court quashed allocation of repogt blocks. SC 25 Aug PM on coal issue: Congress trying to legitimise corruption by discussion in Parliament: Do You Like This Story?
In Aprilthe Standing Committee on Coal and Steel in its report tabled in Parliament said that allocation of coal blocks between and was done in an unauthorised manner. Former Jharkhand chief minister Madhu Koda found gulity. Launching an attack on Union Ministers V Narayanasamy and Sriprakash Jaiswal for pointing fingers at the CAG in the wake of its new reports rapping the government, BJP on Saturday termed it as a breach of privilege and threatened to take appropriate coak in this regard.
It was advertising legend David Ogilvy who said: An estimated financial gain of Rs. The number of allocated blocks between and stood at The CAG report said that for over a decade, mining rights were allotted to private firms at very low prices.
Archived from the original on 14 Clal Alleged scams in India. There was no transparency in the allocation process and the exchequer did not get any revenue from allocation of the blocks. He requested court to appoint a retired judge and police officer of impeccable integrity to overlook the investigation. It is interesting to note the similarities and differences in the coal block and 2G spectrum allocation controversies.
Vinod Rai, CAG report in middle of controversy
Surgical Strikes At LoC: Retrieved from ” https: It was the first coal scam case in which senior government officials were held guilty. HC Gupta, who was the Coal Secretary for two years under the Congress-led UPA government, was accused of playing a leading role in the massive fraud and has been accused in eight cases.
It seems that Congressmen have started toeing the line shown by party chief Sonia Gandhi about how to combat allegation on UPA government especially on Prime Minister over allocation of coal blocks to private firms. Ltd and Hindalco Industries Ltd, which had been allotted the Tubed coal block in Jharkhand in Augusttwo officials who attended the meeting said on Monday. As the opposition paralysed Parliament over the Comptroller and Auditor General of India CAG report on coal block allocations, Prime Minister Manmohan Singh scahdal the government is ready for any discussion and give satisfactory answers to all issues raised.
Out of these, it has recommended de-allocation of 13 reprt blocks and encashment rreport bank guarantees of 14 allottees. The Draft Report covers the following topics:. It was further noted that the legislative changes that would be required for the proposed change would require considerable time and the feport of allocation of coal blocks for captive mining could not be kept in abeyance for so long given the pressing demand for coal. The Supreme Court on Monday held that all coal block allocations made since till before pre-auction era during previous NDA and UPA regimes have been done in an illegal manner by an “ad-hoc and casual” approach “without application of mind”.
Reacting to this, Jagathrakshakan admitted to getting a coal block, and said that, “It is true that we cav a coal allocation but it was a sub-contract with Puducherry government and then we gave it away to KSK company. It has pointed out that the allocations between and were done without any advertisement or public information.
The neutrality of this article is disputed. The premium earned by these new companies was estimated to be the true value of the spectrum.
cag report on coal block : latest news, information, pictures, articles
Out of the above blocks, 24 blocks were de-allocated three blocks intwo blocks inone block inone block inthree blocks inand 14 blocks in for non-performance of production by the allocatees, and two de-allocated blocks were subsequently reallocated and to others.
Anna Hazare has postponed a press conference he was to address this morning saying he needed time to collect “more information”, a day after Team Anna member Kiran Bedi advised his close aide to “fully brief” the activist on allegations against Prime Minister Manmohan Singh. Amid controversy over the allocation of coal blocks for captive use by power, steel and cement companies, S. If provision is made for competitive bidding in the Act itself or by virtue of rules framed under the Act the bidding process would definitely placed on a higher level of legal footing.
Retrieved 6 March The apex court wanted to know not only the steps that have been taken but also proposed against companies that have breached the agreement.