New Delhi, Sept. 22 (PTI): The CBI today registered two fresh cases against Calcutta and Nagpur-based companies in connection with its probe related to the allocation of coal blocks.
Soon after registering the cases, the agency started search operations spread across seven locations in the country.
In the new set of cases, the CBI accused Nagpur-based Grace Industries for allegedly misrepresenting their net-worth to the tune of Rs 120 crore whereas the actual was Rs 3.3 crore.
Even if the net worth of all the group companies are taken together it is not worth more than Rs 11.48 crore, CBI sources said. However, the company showed it to be Rs 120 crore before the screening committee in 2006 to bag the Lohara East coal block in Maharashtra which was allotted to it in 2008.
The company which wanted the coal block for its sponge iron plant also inflated its capacity from 60,000 tonnes per annum to 1.20 lakh tonnes per annum.
According to the CBI, within one year of getting the coal blocks the company was allegedly sold to the Samvijaya group in which the directors made profit of nearly Rs 20 crore.
The agency has slapped allegations of criminal conspiracy, cheating and sections of prevention of corruption act against the company and its the then directors Mukesh Gupta and Seema Gupta.
In another case, the agency has booked Vikash Metal and Power for allegedly misrepresenting the allocation of land for its power project at Begusarai in Bihar.
In 2008, the Calcutta-based company, in its presentation before the screening committee, had claimed that the Bihar Area Development Authority had allocated 300 acres of land to it but the allocation was already cancelled a year ago.
The company was allocated the Moira Madhujore (North and South) coal block in 2009.
The agency has booked the company Vikash Metal and Power and its directors — Vimal Patni, Vikash Patni, Anand Patni, Virender Kumar Jain, Kailash Chander Jain and Vijay Kumar Jain — besides Anand Mallick, who is the authorised signatory for the company.
The CBI has booked them under criminal conspiracy to cheating.
Earlier, the CBI had registered five cases this month in this connection. The cases were registered against AMR Iron & Steel, JLD Yavatmal Energy, Navbharat Power, Vini Iron and Steel Udyog and JAS Infrastructure Capital.