NewsApp (Free)

Read news as it happens
Download NewsApp

Available on  

Rediff News  All News  » News » CBI registers corruption cases against top NCL execs

CBI registers corruption cases against top NCL execs

October 25, 2011 12:06 IST

The Central Bureau of Investigation has registered three separate cases against senior officials of Northern Coalfields Limited, a mini-ratna company and a major subsidiary of the Coal India Limited at Singrauli, in connection with alleged corruption cases related to procurement of mining equipment and financial irregularities.

The accused, including the chairman-cum-managing director, allegedly resorted to corrupt practices in awarding tenders for the mining equipment and other accessories. They did not take any action against those supplying substandard quality mining equipments to the company.

The CBI also conducted searches at the office and residence of the chairman-cum-managing director and other top officials. CBI officials from Bhopal and Jabalpur swooped down on the residence of NCL chairman-cum-managing director Vinay Kumar Singh, three other officials and the proprietor of Singrauli-based private firm.

Rs 1 lakh in cash, fixed deposits worth Rs 80 lakh and incriminating documents were recovered from Kumar's residence. Similar documents were also recovered from a deputy engineer of the NCL, whose premises were raided. The documents recovered during searches are being scrutinised for further investigation.

A Correspondent in New Delhi