CAG Indicts the Screening committee for a Massive loss to the tune of 1.86 Lakhs Cr! Not surprising the Coal Ministry was handled by none other than Manmohan SIngh between 2006- 2009!
* 57 Companies were allocated Coal Mining rights without Auction causing the huge said loss
In May Manmohan Singh said if there is an Iota of truth he would resign! Despite so many facts emerged! Dr Singh is silent on the resigning aspect!
- Union Coal Minister Shriprakash Jaishwal's relative's are being Probed !Abhijeet group?
- JSW - Naveen Jindal an MP from Congress was allowed 1/3rd of the Allocation! They even objected to Bidding Process.
- Congress MP Vijay Darda is being Investigated!
- Not left behind Nitin also has a lot to answer on his nexus with few Mining Companies where he is being charged of being a Partner with Ajay Sancheti close aide to Nitin and Rajya Sabha Member!
- In an another block allotted there are rumors that One or more block was given to Nitin Gadhkari's Son! Though on face value this should be treated as rumor till proved otherwise.
- Though some Names like Prakash Karat, Naveen Patnaik, Vasudara raje are whispered in Central hall it is yet to hit the Media!
Though BJP has refuted these allegations one need to see the veracity only by seeing how soft /hard BJP gonna take UPA in this scandal! APart from the UPA the Government of Chattisgarh, West Bengal , Madyaprades and Uttarakand have benefitted in the Coal block allocation!
Nitin and BJP has a lot to Answer!
Some of the Corporates named in the Scam are Tata,Jindal, Anil Agarwal, Essar, Adani Arcelor Mittal and Lanco are Main beneficiaries CAG
HIGLIGHTS
- Manmohan singh was heading the Coal Ministry as said earlier between 2006-2009
- Dept. of Legal affairs, Law secretary and Coal secretary pitched in full voice for competitive Bidding
- PMO was continiously stalling the above in one Pretext or another .
- CAG was categorical to say the Bidding Process could have been introduced in 2006.
- Though it was finally amended in 2010.
- Unlike 2g which is Presumptive loss Coal scam is real loss!
Defence from PMO
- Govt says it was transparent and followed in the same way and there was nothing to hide!
- Coal India alone could not have met the Demand of the country hence brought in Private players
- Private Players were needed to speed up Industrialization .
- We entertained Private players as the then existing laws did not permit Auctions!
- Changing Policies would take several years ( from just granting to Auctioning?????)
- Hitting out on CAG that it has jumped Protocol and exceeding the Mandate?
- CAG caluclation on loss is wrong!
- Last BJP run State Govt opposed the proposal of Auctions! (which is partially True)
Worst is there are lots of Similarities between 2G and Coal Scam - Both are similar in sinister web between the Politicians, Corporates. To top it all Many Fly-by Night companies were allotted the Blocks just like 2 G which in-turn sold it on a higher Premium!
