This Article is From Oct 15, 2018

In Coal Block Allocation Case, Naveen Jindal, 14 Others Granted Bail

The case pertains to the allocation of the Amarkonda Murgadangal coal block in Jharkhand.

In Coal Block Allocation Case, Naveen Jindal, 14 Others Granted Bail

The case has been filed under the provisions of Prevention of Money Laundering Act.

New Delhi:

A Delhi court today granted bail to industrialist and Congress leader Naveen Jindal and 13 others, accused of money laundering and alleged irregularities in allocation of a Jharkhand-based coal block.

The court, however, put various conditions on the accused -- to not leave the country without prior permission, to not influence the witnesses or hamper the probe.

Special Judge Bharat Parashar granted the relief to Naveen Jindal and others on a personal bond of Rs 1 lakh and one surety of the like amount after they appeared in court in pursuance to the summons issued to them on August 14.

During the hearing, Enforcement Directorate's special public prosecutors -- senior advocate RS Cheema and advocate NK Matta -- opposed the bail application, saying the relief might hamper the investigation.

The court has now put up the mater for December 11 for scrutiny of documents.

In its charge sheet, filed through advocates Tarannum Cheema and Samvedna Verma, the ED alleged that Jindal Steel and Power Ltd (JSPL) along with others had influenced the screening committee to allot the coal block by investing more than Rs 2 crore in illegal gratification.

Others granted relief include Jindal Steel and Power Ltd's then adviser Anand Goel, Mumbai's 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 ex-JSPL official Siddharth Madra.

The court has also summoned as accused six companies -- JSPL, Gagan Sponge Iron Ltd, Jindal Realty Pvt Ltd, New Delhi Exim Pvt Ltd, Sowbhagya Media Ltd and Nihar Stocks Ltd.