Coal block allocation scam: Ex-Coal Secretary, 3 others convicted, quantum of sentence on Aug 4 According to the CBI, between 2005 and 2011, the accused persons hatched a criminal conspiracy and cheated the government by fraudulently inducing the MoC to allocate 'Lohara East Coal Block' in favour of GIL based on false information about net worth, capacity, equipment, and status of ...
Coal scam Topics Covered: Distribution of key natural resources across the world (including South Asia and the Indian sub-continent); factors responsible for the location of primary, secondary, and tertiary sector industries in various parts of the world (including India). Coal scam: Context:
The coal block allocation scam has taken a sensational turn with CBI registering a corruption case against Aditya Birla Group chief Kumar Mangalam Birla and former Coal Secretary P C Parekh in ...
The government gave away 6282.5 million tonne of coal for free. It could have sold it at a certain price. Also, mining this coal would have involved a certain cost. The CAG first calculated the average sale price for all grades of coal sold by Coal India in 2010-2011. This came to Rs1,028.42 per tonne.
The coal allocation scam took centre stage in 2012 when a report of the Comptroller and Auditor General of India highlighted the arbitrary and non-transparent allocation of coal mines leading to huge losses to the public exchequer. Former Prime Minister Manmohan Singh held the Portfolio of Coal between 2006 and 2009. This, along with the 2G ...
According to the CBI, between 2005 and 2011, the accused persons hatched a criminal conspiracy and cheated the government by fraudulently inducing the MoC to allocate 'Lohara East Coal Block' in favour of GIL based on false information about net worth, capacity, equipment, and status of procurement and installation of the plant.
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Coal Scams in India - Free download as Powerpoint Presentation (.ppt / .pptx), PDF File (.pdf), Text File (.txt) or view presentation slides online. coal scam. coal scam. ... Indian Coal Allocation Scam. Ankur Goel. five critical pillars. api-288608374. Indian Weekender 6 May 2016. Indian Weekender.
The 2G spectrum scam and the coal blocks allocation cases were among the reasons that the UPA II government came to be perceived as corrupt. Comptroller and Auditor General (CAG) reports on the two matters had put the loss to exchequer at Rs 1.75 lakh crore and Rs 1.8 lakh crore respectively with the latter being called "the mother of all scams".
As the man who chaired a screening committee that cleared at least 40 cases of coal mining rights, he is accused of playing a leading role in the massive swindle dubbed the coal scam. The...
By India Today Web Desk: A special CBI court today convicted former Jharkhand Chief Minister Madhu Koda on charges of corruption in the multi-crore coal block allocation scam, commonly referred as coal scam or Coalgate.. It was a Comptroller and Auditor General (CAG) report which took the lid off the Rs 1.86 lakh crore scam, and became one of the biggest cases of corruption reported under the ...
A CBI court has now held former coal secretary HC Gupta guilty in a coal allocation and mining scam from Jharkhand. One of the names that has been the most widely brought up when discussing the ...
Punjab National Bank Fraud (Nirav Modi Scam) ppt presentation slideshare ... •Coal allocation scam is a political scandal concerning the Indian government's allocation of the nation's coal deposits to Public Sector Entities (PSEs) and private companies. •In a draft report issued in March 2012, the Comptroller and Auditor General of India ...
The Coal allocation scam, dubbed in media as Coalgate, is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector enterprise (PSEs) and private companies.
The allocation of captive coal blocks without open bidding during 2004-09 has caused the national exchequer a colossal loss of Rs 1.86 lakh crore (bigger than the 2G loss), according to an ...
Also, they allege that some of the players involved in this scam were foreign institutional investors. So a lot of money has "legally" gone out of the country. Has anybody been penalised? The SEBI has banned OPG Securities from the market for five years and asked it to pay Rs 15.57 crore by way of disgorgement of illegal gains. The case is now ...
Microsoft co-founder breaks silence A report by the Comptroller and Auditor General of India showed inefficient and possibly illegal allocation of coal blocks between 2004 and 2009. It...
Employment opportunities will be created. He also added that the government will ensure that the allocation of coal mines does not make any difference to India's environmental commitments. In the light of the coal scam in September 2014, the Supreme Court had decided to cancel 204 coal block allocations out of the 218 done between 1993 and ...
It was a Comptroller and Auditor General (CAG) report which took the lid off the Rs 1.86 lakh crore scam, and became one of the biggest cases of corruption reported under the Manmohan Singh-led UPA-2 government. advertisement After the coal scam was reported, Manmohan Singh offered to resign from Prime Minister's post if found guilty.
The coal blocks allocation scam that had created a political storm during the UPA-II regime today witnessed the first conviction,… March 28, 2016 22:17 IST Coal scam case: Court convicts...
SHARE. READ LATER. The Central Bureau of Investigation (CBI) has registered a fresh case against Prakash Industries Limited in connection with alleged irregularities in the allocation of Chotia ...
Indian Coal Allocation Scam which came into light in the year 2012 led to the wrongful allocation of coal mining fields to various people. The Government has now established a proper mechanism through which a person or company secures the allocation of the coalfield.
Updated: 25 Aug 2014, 02:53 PM IST Aman Malik. The case, where the apex court was monitoring a probe by CBI into alleged irregular allocations of 194 coal blocks between 1993 and 2010, has been ...
"Therefore, the allegation with respect to pilferage of 60 lakh metric tonnes coal with alleged value of Rs 6,000 crore appears to be false." When asked about the apparent irregularities in coal trade by state SNAs, Kumar told ThePrint: "The MSME Commissionerate has not received any complaint in this regard so far."
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That the coal blocks allocated were not mined was one of the worst aspects of coalgate. The allocation of captive coal blocks without open bidding during 2004-09 has caused the national...
The Coal allocation scam is supposed to be the biggest scam over the last decade. This scandal clearly reflects the political public disagreement and heated discussion showing up the lack of symmetry and irregularities in the features of the country in the case of handling national coal deposits.
File photo. The Supreme Court on Monday pulled up the Centre on coal block allocations and declared all >218 allocations made from 1993 to 2011 illegal and arbitrary. A Bench of Chief Justice R.M ...
The Supreme Court has pulled up the Centre on coal block allocations and declared all 218 allocations made from 1993 to 2011 illegal and arbitrary. File photo The Supreme Court on Monday pulled...
On July 25, 2014, the Supreme Court appointed Additional Sessions Judge Bharat Parashar to preside over a special court set up to exclusively hold the trial in the alleged coal blocks allocation scam. It also named senior advocate R S Cheema as special prosecutor. The special court is currently hearing 22 cases related to the alleged scam.
