Financial Daily from THE HINDU group of publications
Wednesday, Jan 30, 2002
Financial Daily from THE HINDU group of publications Wednesday, Jan 30, 2002 |
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Industry & Economy
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Economic Offences Concern over mafia activities at ECL Badal Sanyal
KOLKATA, Jan. 29 MR N.K.Sharma, Chairman of Coal India Ltd (CIL), has expressed concern over the manner in which coal mafias are extorting money from coal consumers while loading at different mines of Eastern Coalfields Ltd (ECL). The situation has come to such a pass when coal sale from the ailing ECL is bound to drop substantially. Mr Sharma told Business Line here that he was apprehensive about the chances of reviving ECL, which was under the Board for Industrial and Financial Reconstruction (BIFR), unless the State administration comes forward to save coal consumers from the mafias which was reportedly demanding Rs.3 lakh per railway rake. Incidentally, ECL despatches about 600 rakes of coal every month to different destinations. CIL is believed to be preparing a "white paper'' on the activities of the coal mafia operating at the Raniganj and Jharia coalfileds. The CIL Chairman did not rule out the chance of there being a link between the coal mafia and the underworld don, Dawwood Ibrahim.
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