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Supreme Court to pass verdict on coal scam petitions

India Blooms News Service | | Aug 25, 2014, at 07:37 pm

#coal scam # Coalgate # Supreme Court on coal scam # Coal scam verdict # Coal block allocation

New Delhi, Aug 25 (IBNS) The Supreme Court on Monday is likely to rule on petitions seeking the scrapping of coal block allocations during the previous UPA regime.

According to media reports, Chief Justice of India RM Lodha has examined the allegations of corruption in coal block allocations in various states.

The Central Bureau of Investigation (CBI) is probing the scam.

The coal scam had sprung into headlines after the Comptroller and Auditor General's (CAG) report on coal block allocation estimated a loss of Rs 1.86 lakh crore to the national exchequer owing to irregular allocations.

The CAG named 25 private companies as beneficiaries of coal block allocations in various states. They included companies like Essar Power, Hindalco, Tata Power, Tata Steel and Jindal Steel and Power Ltd.

The allocations date back to the time when Prime Minister Manmohan Singh was holding the portfolio.

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