Coal Scam: Special CBI court convicts Abhijeet Infra Pvt Ltd, two others

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Coal Scam: Special CBI court convicts Abhijeet Infra Pvt Ltd, two others - Business Standard

Quick Summary:

A special CBI court on Monday convicted Managing Director of Abhijeet Infrastructure Ltd Manoj Kumar Jayaswal and its former director Ramesh Kumar Jayaswal in a coal scam case related to the allocation of Brinda, Sisai, and Meral coal blocks in Jharkhand.

Special Judge Arun Bhardwaj convicted Nagpur-based Abhijeet Infrastructure Pvt Ltd (AIPL), its Managing Director Manoj Kumar Jayaswal and former director Ramesh Kumar Jayaswal of cheating, criminal conspiracy and using forged documents as genuine.

In its case registered in 2016, the CBI had alleged that the company obtained the coal blocks by misrepresenting its financial position, acquisition of land for its proposed end-use plant, and other related claims, a statement from the agency said.