CoalGuru - Times of India reported that India’s Central Bureau of Investigation on Monday conducted raids on office, factory and residences of promoters of Rungta Group of companies in alleged coal linkage scam at different places in the state. The places include three sponge iron factories, office and residence in Ranchi and Ramgarh in Jharkhand. Other than Jharkhand, the raids were also conducted at Varanasi, Kolkata, and Delhi. The raids started simultaneously around 8am. The two plants where raids were conducted include Maa Chhinnamastika Sponge Iron in Barkakana, Jharkhand Ispat at Hesla and Alok Steel. The sleuths conducted raids as the industries got coal from CIL subsidiary companies like the Central Coalfields Limited at lower cost and mass level irregularities were detected in usage of coal linkage.
CBI sources said Jharkhand Ispat Private Limited, a company of Rungta, was allotted North Dhadu coal block on January 13, 2006 for its sponge iron plant.
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