Published On : Tue, Jul 26th, 2016

Coal scam: CBI special court convicts Rathi Steel and Power Ltd promoters

coal scamNew Delhi: CBI special court convicts Rathi Steel and Power Ltd and three promoters for criminal conspiracy and cheating in connection with the muti-crore coal scam.

The court will decide on the quantum of punishment against the convict at 2 pm, today.

The case pertains to alleged irregularities in allocation of Kesla North coal block in Chhattisgarh to RSPL.

All the accused had denied the charges against them levelled by CBI.

During recording of evidence, the CBI had examined 21 witnesses while the accused had called four witnesses.

During recording of statements of the accused, the court had asked 98 questions each from the firm RSPL and its three top officials — Managing Director Pradeep Rathi, Chief Executive Officer Udit Rathi and AGM Kushal Aggarwal.

The court had earlier framed charges against RSPL and its three officials for the alleged offence of criminal conspiracy read with cheating under the IPC, observing that they had conspired and furnished wrong information to get coal block and misappropriated nationalised natural resources.