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Coal block case: Madhu Koda gets bail

The court, which fixed the case for further hearing on March 4, also directed that the accused would not leave the country without permission.

By: Press Trust of India | New Delhi |
February 19, 2015 1:39:26 am
Madhu Koda leaves court in Delhi Wednesday. (Express) Madhu Koda leaves court in Delhi Wednesday. (Express)

A Delhi court on Wednesday granted bail to former chief minister of Jharkhand Madhu Koda and seven others in  in a coal block allocation case, but at the same time also made scathing remarks against him and others holding high positions for allegedly misappropriating natural resources.

The Special CBI court said Koda and seven others accused, including former Jharkhand chief secretary Ashok Kumar Basu and former coal secretary H C Gupta, “clearly conspired together” to misappropriate important natural resources.

However, Special CBI judge Bharat Parashar granted them bail on furnishing a personal bond of Rs 1 lakh each with one surety of the like amount in a case pertaining to allocation of Jharkhand’s Rajhara North coal block to accused firm Vini Iron and Steel Udyog Ltd (VISUL).

“Accused persons who were holding very high positions clearly conspired together to misappropriate important nationalised natural resources of the country,” the judge said.

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The court, which fixed the case for further hearing on March 4, also directed that the accused would not leave the country without permission.

Koda, Basu, Gupta, public servants Bipin Bihari Singh and Basant Kumar Bhattacharya, Kolkata-based VISUL’s Director Vaibhav Tulsyan, chartered accountant Navin Kumar Tulsyan and Koda’s close aide Vijay Joshi were present in the court.

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