An Article from ‘Common Man Speaks’
Judging by the latest CAG report that has brought to light the coal scam or coalgate worth Rs 1.86 lakh crore, we can say that no other government has brought as much shame to India in its tenure as the current UPA. With this scam, the government has achieved an almost impossible feat of breaking its own record of Rs 1.70 lakh crore, which was scored in the 2G scam.
By cartoonist Kureel Manoj
But during all these scams, what has been more annoying is that they have never accepted the fact that there is a scam in the first place. In the case of this coal scam too, the Congress has refused to accept the CAG report! Naturally, due to such denials, they have also rubbished off all possibilities of at least a probe in the issue.
Prime Minister Manmohan Singh was the Coal Minister when the scam took place but he, along with his party, has plainly refused to take responsibility and worse, even speak anything on it! Like a number of scams that has happened during his tenure, he has washed his hands off of this one too, whose estimated figure is just unthinkable!
It is also impossible to forget that exactly a year ago, Singh had given a written promise to Anna Hazare of passing a strong Lokpal Bill. We all know how his promise turned out to be a sad joke. This also proves he and his government just don’t want a decline (forget end) in corruption.
With scams worth unthinkable amounts taking place right under Singh’s nose and he not doing a thing about it, the big question is – What right he has to continue to sit on the chair of the PM? Sorry to say this but we have had enough of your silent (in actions as well) attitude to a long list of scams amounting to lakhs of crores of loss to the country. As it is, due to the pro-corruption attitude of you and your so-called government, you have proved to be as good as the British! If you have 0.001% shame left, please resign
Coalaveri: When Netadom Went Mining
Most Companies Against Whom CBI Has Filed FIRs Have Links With Political Heavyweights
Josy Joseph TNN
New Delhi: Most of the companies against whom FIRs were filed by the CBI on Tuesday have either direct or indirect links with the politically powerful. Sources in CBI and CVC say more cases could be filed soon, naming more companies with political connections.
On Tuesday, the CBI named Nav Bharat Power, JLD Yavatmal, JAS Infrastructure and AMR Iron and Steel among the firms accused of cheating and suppressing facts to get blocks. Nav Bharat was started by two individuals from Andhra Pradesh and sold to Essar, CBI says, for a staggering profit. Essar, charged in the 2G scam, bought Nav Bharat as a subsidiary of Essar Power, which in turn is a subsidiary of Essar Energy Plc.
Of the other four companies, JLD Yavatmal and JAS Infrastructure are associated with Congress MP and publishing baron Vijay Darda. While JLD Yavatmal is reportedly named after his father, he had a minority stake in JAS Infrastructure, where his business partner was Manoj Jayaswal. Darda has denied he used his influence to help these companies. The CBI FIR names Darda.
Jayaswal and associates have over 20 coal blocks. The Abhijeet group’s promoter is said to have regularly hosted senior Congress and BJP leaders at his home and functions like his children’s weddings.
Vaibhav Tulsyan, a businessman who started Vini Iron and Steel Udyog, too was raided. He said he had sold the company to an associate of Madhu Koda, former Jharkhand CM, now in jail for corruption.
“Because of Naxal problem we couldn’t run the company. When Vijay Joshi, a close Koda aide approached us with a good offer, we sold the company to him. At the time of coal block allocation, the company was with Joshi,” Tulsyan told a news agency. Filings with the corporate affairs ministry say by 2011, Vijay Joshi was holding over 97% of company shares.
Recently, it emerged that union minister Subodh Kant Sahai in 2008 recommended to the PMO a coal block for a company in which his brother was director.
PRIVATE UNLIMITED Snapshot of the five companies CBI filed charges against
NAV BHARAT POWER
Sold to Essar in 2010
Promoter of Nav Bharat Prasad Brothers
Got coal blocks in Rampia and Dip-side Rampia in Orissa
Directors | P Trivikrama Prasad, YHC Prasad
VINI IRON AND STEEL UDYOG (Kolkata)
Sold to Vijay Joshi, close aide of Madhu Koda
Accused named by CBI promoter Vaibhav Tulsyan
Got coal blocks in Rajhara North in Jharkhand Directors | Sanjeev Tulsyan, Prashant Tulsyan, Vaibhav Tulsyan, Nisha Tulsyan, Vimal Tulsyan, Nirmala Tulsyan, Hemant Kr Agarwal, Navin Tulsyan
JLD YAVATMAL ENERGY
Got coal block in Fatehpur East in Chhattisgarh
Promoted by Jayaswal Group, close aides of MP Vijay Darda Directors | Vijay Darda, Rajendra Darda, Devendra Darda, Manoj Jayaswal, Anand Jayaswal, Abhishek Jayaswal
JAS INFRASTRUCTURE CAPITAL (Nagpur)
Got coal block in Matihagarhi in Jharkhand
Promoted by Jayaswal Group, aides of MP Vijay Darda Directors | Manoj Jayaswal, Abhishek Jayaswal, Anand Jayaswal
AMR IRON AND STEEL
Got Bander coal block in Maharashtra
Promoted by Jayaswal Group, aides of MP Vijay Darda Directors | Arvind Jayaswal, Manoj Jayaswal, Ramesh Jayaswal, Devendra Darda
One family that struck gold in coal mines
Supriya Sharma TNN
New Delhi: Of the five companies raided on Tuesday, three belong to one family – the Nagpur-based Jayaswals. Split in two businesses, they are among the largest beneficiaries in the coal block allocations, holding 10 blocks with more than 900 million tonnes of coal. What is more striking is that they managed to get such a large allocation with only one project running on the ground.
Outside Raipur, in the smog-filled industrial area of Siltara, exists a steel plant run by Jayaswal Neco company. Headed by the family patriarch Basant Lal Jayaswal, the company is managed by his son Ramesh Jayaswal. Until a few years ago, Ramesh’s elder Manoj was part of the Neco Group. But following a family feud, he branched out, taking control of companies under the banner of Abhijeet Group.
Business circles in the region believed the brothers had parted on an acrimonious note and that their businesses, Neco and Abhijeet group, were separate. But on Tuesday, when an unknown company AMR Iron and Steel was raided, and journalists scoured through its returns filed with the registrar of companies, they discovered that the brothers jointly held stake in the company, with their father and family. People in Nagpur are now speculating if AMR in the company’s name stands for ‘Arvind, Manoj, Ramesh’. Arvind is their older brother. But the larger question is how did one family corner 10 blocks. Part of the answer could lie in the family’s political clout. One of the directors of JLD Yavatmal, in which Manoj holds partial stake, was Devendra Darda, son of Congress MP Vijay Darda.
Abhijeet Group seemed to have the ability to win the support of bureaucrats. Of the six blocks it was allotted, five lie in Jharkhand. Meanwhile, Jayaswal Neco features among 58 companies that were issued show cause notices this year for “unsatisfactory progress” in their projects. The review committee noted the company had not shown any progress in expanding its plant in Siltara for which it had been allocated 215 million tonne mine in Jharkhand and 107 million tonne mine in Chhattisgarh – a staggering allocation. Strikingly, even in 2010, the committee had made similar observations, asking for show cause notices to be issued to the company, adding that the Chhattisgarh HC had ordered the state government not to allow the expansion of the plant.
In the case of Abhijeet group, which obtained three coal blocks in 2005 for a sponge iron plant, not only has the company shown no progress in setting up the plant, seven years after it got a block, it has not even finalized where its plant would be. Again, both in 2010 and 2012, the company was issued show cause notices, but no action was taken.
ALL IN THE FAMILY
Of five cos raided on Tuesday, three belong to one family — the Nagpur-based Jayaswals
Family patriarch Basant Jayaswal. Three sons Ramesh, Manoj & Arvind
Ramesh manages Jayaswal Neco Group. Father is group chairman. Manoj (pic) heads Abhijeet Group
ABHIJEET GROUP HAS SIX COAL BLOCKS
Jharkhand | Five blocks
Chhattisgarh | Fatehpur East (Allocated to JLD Yavatmal Energy)
These six add up to 444 mn tonnes of coal
Jayaswal cos raided today
AMR Iron and Steel (jointly held) | JAS Infrastructure (Abhijeet Group) | JLD Yavatmal (Abhijeet Group & Darda Family)
JAYASWAL NECO GROUP HAS THREE COAL BLOCKS
Chattisgarh | Gare Palma IV/4 Gare Palma IV/8 Jharkhand | Moitra
These add up to
447 mn tonnes
JOINT OWNERSHIP: AMR
Three brothers jointly own AMR Iron and Steel, allocated a 31 mn tonne block Bander, Maharashtra
Between them, 10 blocks and 917 mn tonnes of coal