Companies

JSPL denies allegations in coal block scam case

Our Bureau New Delhi | Updated on January 20, 2018 Published on April 29, 2016

Company confident it will come out clean at the end of judicial process

Jindal Steel and Power Ltd (JSPL) maintained that there was no wrong doing on the part of the company and its management in respect of the allocation of Amarkonda Murgadangal coal block in 2008.

This is after a special CBI court on Friday ordered framing of charges against JSPL’s Chairman Naveen Jindal, former Minister of State for Coal Dasari Narayan Rao, former Jharkhand Chief Minister Madhu Koda, former Coal Secretary H C Gupta and 11 others for criminal conspiracy, cheating and other offences in allocation of the Amarkonda Murgadangal coal block in Jharkhand to JSPL and Gagan Sponge Iron Private Ltd.

“In the context of the Special Court’s order in respect of allocation of the Amarkonda Murgadangal coal block and the charges thereof, JSPL reiterates that it is confident that it will stand vindicated at the end of the ongoing judicial process,” the company said in a statement.

“We deny all allegations made against our company and its management. We have full faith in the Indian judicial system and are confident to come out clean during the process,” the statement added.

JSPL also said that the allocation of the coal block was made purely on merits and all officials of the company have fully co-operated with the authorities during the course of the investigation.

The Amarkonda Murgadangal block was given to JSPL and Gagan Sponge Iron Pvt Ltd in 2008. However, in 2013 the block was deallocated by an Inter Ministerial Group of the Congress-led UPA-II government.

Published on April 29, 2016
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