A Delhi court’s Special Judge Arun Bharadwaj convicted the company Ranchi-based company Domco Pvt Ltd, its then Managing Director Binay Prakash, then directors Vasant Diwakar Manjrekar and Parmananda Mondal, and chartered accountant Sanjay Khandelwal under the offences dealing with cheating and criminal conspiracy of Indian Penal Code in a case pertaining to a coal scam case related to Lalgarh (North) coal block allocation

As per CBI, during the year 2000 to 2005 at Jharkhand, Bihar, Orissa, West Bengal, Delhi and other places, the accused entered into a criminal conspiracy to cheat the Ministry of Coal and Ministry of Steel, the government of India so as to procure allocation of a captive Lalgarh (North) Coal Block situated in District Hazaribagh in favour of the company by making false submissions about land and financial preparedness and in order to earn undue benefits by selling the company to Electrosteel Casting Ltd. subsequent to the allocation of coal block.

In the chargesheet, the CBI said that the company had given applications to the Ministry of Coal and Ministry of Steel for captive coking block mentioning that the company planned to erect a pig iron plant of two lakh tonnes per annum capacity near Kuliadih Railway Station on Tata Nagar-Badampahar Branch line of South-Eastern Railway - Rairangpur, District Mayurbhanj, Odisha and therefore, the company requires a captive coking coal block of 30 million tonnes reserves to produce two lakh tonnes of pig iron annually.

CIL MCL Lays Foundation Stone for First Mile Connectivity Project

Strategic Research Institute

Related Stories