SC issues notice to CBI, ED to set up investigation against Hindalco in coal block allocation

For Hindalco, the irregularities involve the Talabira-II coal block, which the NGO insists, was acquired by bribing a lot of politicians, over several years. The kickbacks, estimated to be nearly Rs. 7 crore, is reportedly paid to the Environment Ministry and a total of Rs. 200 crore is accrued in the form of accounted cash.

Jul 07, 2015 04:07 IST India Infoline News Service

The Supreme Court has issued a notice to CBI and Enforcement Directorate (ED) as per the plea of NGO Common Cause, to investigate the alleged kickbacks paid by Hindalco and Reliance Power to acquire coal blocks.

For Hindalco, the irregularities involve the Talabira-II coal block, which the NGO insists, was acquired by bribing a lot of politicians, over several years. The kickbacks, estimated to be nearly Rs. 7 crore, is reportedly paid to the Environment Ministry and a total of Rs. 200 crore is accrued in the form of accounted cash.

Advocate Prashant Bhushan, who is appearing on behalf of NGO 'Common Cause' has said that the CBI closure report on the Talabira-II coal block has been rejected by the trial court and a through probe has been ordered. However,  the investigating agencies are not committed to their job.

The allegation against Reliance Power is that it diverted the output of captive coal block of Sasan Ultra Mega Power Plant (UMPP), resulting in a huge post-bidding concession worth Rs 29,000 crore to Reliance Power Limited. 

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