Coal block allocation case: Delhi court grants bail to Naveen Jindal and 14 others

New Delhi: Delhi’s Patiala House court on Monday granted bail to industrialist and Congress leader Naveen Jindal and 14 others, accused of money laundering in a case pertaining to irregularities in the allocation of a Jharkhand coal block.

Special Judge Bharat Parashar granted the relief on a personal bond of Rs 100,000 and one surety of the like amount.

Besides Jindal, those granted reliefs are Jindal Steel and Power Ltd’s then adviser Anand Goel, Mumbai Essar Power Ltd’s Executive Vice-Chairman Sushil Kumar Maroo, Nihar Stocks Ltd’s Director BSN Suryanarayan, Mumbai-based KE International’s Chief Financial Officer Rajeev Aggarwal and Gurgaon-based Green Infra’s Vice-President Siddharth Madra.

Those arrayed as accused also include K Ramakrishna Prasad, Rajiv Jain, and Gyan Swaroop Garg.

Coal block allocation row

  • The case filed under the provisions of the Prevention of Money Laundering Act (PMLA) pertains to the allocation of the Amarkonda Murgadangal coal block in Jharkhand.
  • On 11 June 2013, CBI had booked former Congress MP Naveen Jindal for alleged cheating, graft and criminal misconduct in its 12th FIR in the coal blocks allocation scam.
  • Naveen Jindal’s Jindal Steel and Power got a coal field in February 2009 with reserves of 1500 million metric tonnes while the government-run Navratna Coal India Ltd was refused of the same.

Naveen Jindal is an Indian industrialist, and a former Member of Parliament, Lok Sabha from Kurukshetra, Haryana in the 14th and 15th Lok Sabha. He currently serves as the Chairman of Jindal Steel and Power Limited and Chancellor of O. P. Jindal Global University.

(With PTI inputs)