CAG REPORT ON COAL SCANDAL PDF

Gupta, former joint secretary in Coal Ministry K. Kropha and former director of Coal Ministry K. Samaria two years in prison for their involvement in the Coal Scam. They were, however, granted bail on the same day and could now challenge the sentence in High Court.

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Jump to navigation. A special CBI court today convicted former Jharkhand Chief Minister Madhu Koda on charges of corruption in the multi-crore coal block allocation scam, commonly referred as coal scam or Coalgate.

After the coal scam was reported, Manmohan Singh offered to resign from Prime Minister's post if found guilty. As the scam was unearthed, the tag of corruption got attached to the Congress government, something that the party, now out of power, is still fighting to shrug off. A total of blocks were allocated between and , but some were taken away at different points in time. In the end, the number of allocated blocks stood at In March , a draft report of CAG accused the government of "inefficient" allocation of coal blocks between and , and estimated the windfall gains to allottees at Rs With allegations of corruption mounting against the UPA-2 government, then Prime Minister Manmohan Singh said he will quit office if proven guilty.

In June , the Coal Ministry constituted an inter-ministerial panel to review the process of allocation of coal blocks and take a decision on either de-allocating the blocks or forfeiture of bank guarantees. Over the years, 80 coal fields have been taken back while guarantees in 42 cases have been forfeited.

The court, monitoring the CBI probe into the coal scam, asked the agency not to disclose probe details to the government. In April , the Standing Committee on Coal and Steel in its report tabled in Parliament said that allocation of coal blocks between and was done in an unauthorised manner. It also said that allotment of mines where production has not started should be cancelled.

Subsequently, Supreme Court decided to set up a special CBI court where all coal block allocation cases will be tried. On September 24, , Supreme Court quashed allocation of coal blocks. Thereafter, the Lok Sabha passed a bill paving way for fresh auction of the coal blocks de-allocated by the court. A special court ordered the CBI to examine former prime minister Manmohan Singh, and the latter's statement was recorded in January Consequently, the court summoned the former prime minister who then moved the Supreme Court against the order.

Supreme Court stayed the trial court's order summoning Manmohan Singh. Koda and nine others were later granted bail. After the special court held Koda and two others guilty of cheating and criminal conspiracy today, the sentencing in the case will take place tomorrow.

The court will announce the sentence against Madhu Koda in a coal scam case tomorrow. Graphic: India Today. Read our comprehensive guide with information on how the virus spreads, precautions and symptoms , watch an expert debunk myths , and access our dedicated coronavirus page.

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What is coal scam?

Urgent need for bank reforms, says Vinod Rai. All rights reserved. For reprint rights: Times Syndication Service. Politics and Nation. Defence Defence National International Industry. Company Corporate Trends Deals. International Business World News.

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Explained: What is the coal scam all about in which former Jharkhand CM Madhu Koda was held guilty

The grand-standing was inappropriate. There was indeed a lot of wrong in the allocation coal blocks but the manner in which it was presented by the CAG led to devastating consequences on governance. There was no need to play to the gallery. The CAG initially estimated the loss to the exchequer to be around Rs One cannot average it out. CAG Rai, Swarup alleged, appeared to be on a fault-finding mission, even in situations where none existed.

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Indian coal allocation scam

The government has come under fire after a recent media leak cited a draft CAG report that suggested that the exchequer may have lost Rs HT explains the state of play in the allocation and pricing of coal and other natural resources. What's recent controversy all about? According to media reports citing a draft Comptroller and Auditor General CAG report, about private and some public sector companies unduly benefited from the allocation of coal fields.

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Vinod Rai wrong on coal scam, his stance hurt governance: Ex-coal secretary Anil Swarup

Coal allocation scam or Coalgate [1] is a major political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector enterprise PSEs and private companies. In a draft report issued in March , the Comptroller and Auditor General of India CAG office accused the Government of India of allocating coal blocks in an inefficient manner during the period — Over the Summer of , resulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption. The essence of the CAG's argument is that the Government had the authority to allocate coal blocks by a process of competitive bidding, but chose not to. While the initial CAG report suggested that coal blocks could have been allocated more efficiently, resulting in more revenue to the government, at no point did it suggest that corruption was involved in the allocation of coal. Over the course of , however, the question of corruption has come to dominate the discussion. These FIRs accuse them of overstating their net worth, failing to disclose prior coal allocations, and hoarding rather than developing coal allocations.

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