Follow Us:
Saturday, July 02, 2022

Coalscam: Court grants bail to Naveen Jindal, Rao, Koda and others

Jindal, Rao, Koda, formed coal Secretary Harish Chandra Gupta and others appeared as accused before the special CBI Judge Bharat Parasar and moved separate pleas seeking bail.

By: Press Trust of India | New Delhi |
May 22, 2015 11:49:43 am
Naveen Jindal, Coalscam, Naveen Jindal bail, coal block allocation scam case, Narayan Rao bail, former Jharkhand CM bail, Madhu Koda bail, india news, coalscam news, indian express news Congress leader and industrialist Naveen Jindal

Congress leader and industrialist Naveen Jindal, ex-Minister of State for Coal Dasari Narayan Rao, former Jharkhand Chief Minister Madhu Koda and seven others were on Friday granted bail by a special court in a coal block allocation scam case.

Jindal, Rao, Koda, formed coal Secretary Harish Chandra Gupta and others appeared as accused before the special CBI Judge Bharat Parasar and moved separate pleas seeking bail.

During the arguments, senior advocate Ramesh Gupta, appearing for Jindal, told the court that his client had joined the investigation as and when called by the CBI and there was no apprehension that he would abscond or flee from justice.


Subscriber Only Stories
Skin Allergies In Children – What parents need to know?Premium
What makes KuCoin P2P Trading Platform a Good Choice To Buy Crypto?Premium
Airtel Demonstrates Immersive Video Entertainment On 5G; Recreates Kapil ...Premium
Is It A Good Idea To Keep One Account For All Your Financial Transactions?Premium

The counsel representing other nine individuals accused told the court that their clients were not arrested during the investigation and there was no likelihood that any one of them will abscond.

Senior public prosecutor V K Sharma opposed the bail pleas saying the accused in the case are high profile industrialists and politicians and most of the prosecution witnesses are their employees and could influence the witnesses or tamper with the evidence if released on bail.

The judge, after hearing the submissions, granted bail to the ten individuals accused, saying, “I deem it appropriate… to admit all ten accused on bail on a personal bond of Rs 1 lakh each with one surety of the like amount.”

The court also directed the accused not to leave India without its prior permission and fixed the matter for further hearing on June 1.

Besides Jindal, Rao, Koda and Gupta, the other accused who were granted bail are Suresh Singhal, Director of New Delhi Exim Pvt Ltd, Rajeev Jain, Director of Jindal Realty Pvt Ltd, Girish Kumar Suneja and Radha Krishna Saraf, both Directors of Gagan Sponge Iron Pvt Ltd (GSIPL), K Ramakrishna Prasad, Managing Director of Sowbhagya Media Ltd and chartered accountant Gyan Swaroop Garg.

Besides these ten accused, the authorised representatives of five accused firms- Jindal Steel and Pvt Ltd (JSPL), Jindal Realty Pvt Ltd, Gagan Infraenergy Ltd (formerly known as GSIPL), Sowbhagya Media Ltd and New Delhi Exim Pvt Ltd- also appeared before the court.

Hot Offer Putin claims victory in Mariupol, leaving Ukrainian defenders holed up Subscribe Now
Start your day the best way
with the Express Morning Briefing

📣 Join our Telegram channel ( The Indian Express ) for the latest news and updates

For all the latest India News, download Indian Express App.

  • Newsguard
  • The Indian Express website has been rated GREEN for its credibility and trustworthiness by Newsguard, a global service that rates news sources for their journalistic standards.
  • Newsguard

Featured Stories

Latest Comment
Post Comment
Read Comments