The Central Bureau of Investigation (CBI) Wednesday registered its 13th case against a Delhi-based private steel firm for alleged irregularities in coal blocks allocations and carried out searches in the National Capital Region (NCR) and Odisha.
The agency registered the 13th First Information Report (FIR) against Rathi Steel and Power Ltd., its CEO Udit Rathi and its directors and others for misrepresenting facts while applying for a coal block.
Sources said the company, earlier known as Rathi Udyog Ltd., was Aug 5, 2008, allocated Kesla North coal block in Korba, Chhattisgarh, for its sponge iron plant.
"The company misrepresented on account of stage of preparedness in terms of possession of land to get the coal block. It was also favoured for allocation of coal block over other better placed applicants," said a CBI official.
The investigating agency also carried out searches at nine different locations in Delhi, Ghaziabad and Sambalpur in Odisha in connection with the case.
A preliminary inquiry to examine the irregularities in allocation of coal blocks during the period 2006-2009 was registered on reference of the Central Vigilance Committee (CVC) in June 2012. Earlier, the CBI had registered 12 cases in the allocations.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
