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Coal scam: Court fixes May 2 for consideration on charge sheet

Coal

A Delhi court today fixed May 2 for considering the charge sheet filed by CBI in coal blocks allocation scam case against Navabharat Power Pvt Ltd and its two directors

CoalNew Delhi: A Delhi court today fixed May 2 for considering the charge sheet filed by CBI in coal blocks allocation scam case against Navabharat Power Pvt Ltd and its two directors.

Special CBI Judge Madhu Jain fixed the matter for May 2 as CBI has not yet filed complete set of documents, which were part of the charge sheet filed on March 10.

According to the agency sources, CBI today filed some of the documents which were part of the charge sheet in which the firm and its two directors were accused of conspiring and cheating by purportedly misrepresenting facts to ‘embellish’ its applications to get allotments between 2006 and 2009.

This was the first charge sheet filed by CBI out of the 16 FIRs lodged by it till date in the multi-crore scam against various firms and top corporate.

According to the agency sources, Navabharat Power Pvt Ltd, its two directors – P Trivikrama Prasad and Y Harish Chandra Prasad – were named as accused in the charge sheet filed before the court.

They have been chargesheeted under sections 420 (cheating) and 120-B (criminal conspiracy) of the IPC, sources said.

Surprisingly, the charge sheet makes no mention of provisions of Prevention of Corruption Act which was slapped against them in the FIR lodged on September 3, 2012.

The sources had, however, added that CBI has said in its 32-page final report that the probe against unknown public servants in the case is underway and they may file a supplementary charge sheet soon.

They had said that only the operative portion of the charge sheet was filed before the court on March 10.

The agency, in its FIR against Navabharat Power Pvt Ltd, had said that in order to ‘embellish its claim for allocation of coal block’; the firm ‘fraudulently’ claimed that it was having the required net worth to get the coal mines.

CBI had said that after allocation of coal blocks, the promoters and shareholders of Navabharat Power Pvt Ltd sold off their entire shareholdings in July 2010 to Essar Power Ltd and its subsidiary company at ‘huge profit of over Rs 200 crores’.

However, sources had said Essar Power Ltd has not been named as an accused in the charge sheet.

PTI

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