Coalgate back in the news as SC raises fundamental issue

02 Feb 2013

1

Like Banquo's ghost, Coalgate is back again to haunt the UPA government thanks to the Supreme Court asking if the centre even had the authority to allocate coal blocks.

With the UPA government in a tight spot over the gross irregularities in the allocation of coal blocks for captive consumption of coal users, the Central Bureau of Investigation (CBI), which is looking into the scam, has now opted to expand the scope of the probe rather than submit a report any soon.

The Supreme Court, however, made it clear on Thursday that the agency cannot evade periodic scrutiny of its probe into `Coalgate'.

While casting doubts on the legal sanctity of the coal block allocations, the court also pulled up the CBI over its reluctance to file status report on the investigation.

The court's remark comes after of one of the petitioners, NGO Common Cause, questioned the efficacy of the CBI investigations into the scam that is reported to have caused a loss of over Rs1,00,000 crore to the government.

Counsel for the petitioners Prashant Bhushan said although CBI registered preliminary enquiry (PEs) nearly seven months ago, there was no means to ascertain if the probe is proceeding to its logical end especially as the suspects include high-profile persons such as MPs.

Latest articles

Sigma Advanced to acquire UK aerospace supplier Bromford for ₹153 crore

Sigma Advanced to acquire UK aerospace supplier Bromford for ₹153 crore

Akasa Air plans ₹1,050 crore fundraising to support growth amid higher costs

Akasa Air plans ₹1,050 crore fundraising to support growth amid higher costs

AI startup Reflection signs over $1 billion computing deal with Nebius

AI startup Reflection signs over $1 billion computing deal with Nebius

Tata Power explores $450 million overseas loan for business operations

Tata Power explores $450 million overseas loan for business operations

TCS wins technology contract for New York JFK Airport’s $19 billion terminal

TCS wins technology contract for New York JFK Airport’s $19 billion terminal

South Korean firms unveil $195 billion investment in AI and advanced industries

South Korean firms unveil $195 billion investment in AI and advanced industries

HCLTech wins $1.14 billion AI transformation deal with European client

HCLTech wins $1.14 billion AI transformation deal with European client

Microsoft launches Frontier to help enterprises accelerate AI adoption

Microsoft launches Frontier to help enterprises accelerate AI adoption

AstraZeneca signs up to $1.77 billion CSPC deal for kidney disease drugs

AstraZeneca signs up to $1.77 billion CSPC deal for kidney disease drugs
View details about the software product Informachine File Manager
View details about the software product Informachine News Trackers