News: CBI files case against Naveen Jindal, Jindal Steel in coal scam

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CBI files case against Naveen Jindal, Jindal Steel in coal scam

The Central Bureau of Investigation (CBI), which is probing alleged irregularities in the allocation of coal mines, registered a criminal case against Jindal Steel and Power Ltd (JSPL) and its promoter and Congress parliamentarian Naveen Jindal on Tuesday, sending the company’s stock tumbling to a four-year low, Mint reported.

The Central Bureau of Investigation (CBI), which is probing alleged irregularities in the allocation of coal mines, registered a criminal case against Jindal Steel and Power Ltd (JSPL) and its promoter and Congress parliamentarian Naveen Jindal on Tuesday, sending the company’s stock tumbling to a four-year low, Mint reported.

The agency also named Jindal Realty Pvt. Ltd, another company owned by Jindal, former minister of state for coal Dasari Narayana Rao and his media firm Saubhagya Media in the first information report. Charges of cheating and criminal conspiracy were slapped on Gagan Sponge Iron Pvt. Ltd and against New Delhi Exim, which CBI claimed are also owned by Naveen Jindal.

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Topics: C-Suite, #Updates

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