-The Times of India CHENNAI: The DMK has once again landed the UPA government in a spot as the focus now shifts to the family of Union minister of state for information and broadcasting S Jagathrakshakan for their involvement in a company that was awarded a coal block in 2007 despite the fact that it had no track record in the sector. The Jagathrakshakan-owned J R Power Gen Pvt Ltd was barely...
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Shadowboxing over coal-Brinda Karat
-The Indian Express A coal mine worker in Jharkhand and an expert on the coal industry called to protest against what he called was the noora kushti (shadowboxing) going on in Delhi. The power of the coal players was earlier seen in Jharkhand politics, he said, but now we see it in Delhi. Our players are small, yours are big and powerful. With the CBI itself unearthing prima facie evidence of...
More »CBI names Congress MP, kin in Coalgate -Neeraj Chauhan
-The Times of India The probe into the mega-billion 'Coalgate' scam moved into a higher gear on Tuesday, with the Central Bureau of Investigation registering five FIRs into irregularities against five companies and several individuals, including a leading political family of Maharashtra. Those named in the first set of FIRs include Congress member of Rajya Sabha Vijay Jawaharlal Darda, his brother and education minister of Maharashtra Rajendra J Darda and his son...
More »Firms cashed in on coal blocks by selling stakes before mining -Gaurav Choudhury and Rajesh Ahuja
-The Hindustan Times The coal-block allocation scandal is increasingly looking like a sequel to the 2G spectrum scam as far as the behaviour of the companies involved is concerned. As was with the telecom scam, many of the “coalgate” companies that cornered the government-allocated resource — like the spectrum — have used it to raise money from the market at hefty valuations. Promoters of more than 10 companies are believed to have...
More »Partha S Bhattacharya, Chairman and managing director of Coal India Ltd (CIL) during 2006-2011 interviewed by Arindam Mukherjee
-Outlook Partha S. Bhattacharya, who was the chairman and managing director of Coal India Ltd (CIL) between 2006 and 2011, is credited with turning around the PSU. He spoke to Arindam Mukherjee on the heat and dust generated by the CAG report on allocation of coal blocks to private players. Excerpts: * Should the government allow the private sector into coal mining? There is plenty of coal for everyone. We are, at the...
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