The CBI Friday registered a fresh case in its ongoing probe in the alleged coal allocation scam against Hindalco and conducted searches at four places in Mumbai and Odisha.
The agency registered the case against Indal, now Hindalco Industries, under sections of cheating, criminal conspiracy and Prevention of Corruption Act in its probe related to the allocation of Talabira I coal block to Hindalco in 1994.
The Central Bureau of Investigation (CBI) teams also conducted searches at the office premises of the company at four places, one in Mumbai and three in Odisha, a CBI official said.
"Some incriminating documents have been seized during the searches," he said.
"Allegations are that the coal was used in unauthorised manner in the existing power plant whereas allocation was done for expanding the capacity of new power plant. Further mining was started without mine opening permission," the official added.
"The public servants facilitated the allocation of coal block by not taking action against the unauthorised use despite their knowledge," the official said.
Earlier, the CBI registered 37 First Information Reports (FIR) in coal allocation cases.
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
