New Delhi : CBI on Friday registered a fresh case in the coal scam against a company and it’s directors for alleged irregularities in three coal blocks allocation between 1993 and 2005.
The CBI registered an FIR against the officials of Top Worth Urja and Metal Limited (formerly known as Shree Virangana Steels Limited).
Top Worth’s director Surendra Lodha, another director Omprakash Nevatia and other unidentified people have been booked under section 120-B (criminal conspiracy) and 420 (cheating) of the IPC.
Immediately after registering the case against the Directors of the firm and unknown officials of the Coal Ministry, CBI carried out searches at six places in Nagpur, Yavatmal and Mumbai, sources said.
This is the 19th FIR registered by CBI in the coal scam. This case pertains to Marki Mangli Coal Block-II, III and IV in Maharashtra. It has been alleged that the company irregularly entered mining lease deeds in the name of a benami firm and that its request for a change of name was not approved by the Coal Ministry as there was also a change in the shareholding pattern.
It is further alleged that the company resorted to excessive mining without augmenting the capacity of its existing sponge iron plant.
The original owners of Shree Virangana Steels Limited disposed off their equity in the company between 2006 and 2008 to people belonging to the Mumbai-based Top Worth group. Subsequently, the name of Shree Virangana Steels Limited was changed to that of the Mumbai-based company.