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Coal Scam: MD Pradeep & CEO Udit Rathi fined Rs. 25 lakh each, sentenced to 3 years imprisonment

On Tuesday in a coal blocks allocation scam case, A special court framed charges against Delhi-based Rathi Steel and Power(RSPL) and its three top officials.

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Special CBI Judge Bharat Prashar said that charges are framed against all the 4 accused under sections 120-B read with 420 of IPC.

On 7th May 2015, the court had fixed 19th May 2015 to order to frame the charges in the coal scam case against RSPL and its top officials name as MD Pradeep Rathi, CEO Udit Rathi and AGM Kushal Aggarwal.

The case belongs to alleged irregularities in allocation of Kesla North coal block in Chhattisgarh to Rathi Steel and Power Ltd.

The CBI had countered their submissions saying RSPL and its officials had “misrepresented” facts before the 36th screening committee regarding acquisition of 250 acres of land to acquire the coal block.

Earlier, the three individual accused were granted bail by the court after they had appeared before it pursuant to the summons issued against them.

 Rathi Steel and Power Ltd was allocated Kesla North coal block in Korba, Chhattisgarh on 5th August 2008.

The special court had issued summons to all of them, after consideration of the charge sheet

The court had issued summons to the accused because they allegedly deceived the Coal Ministry by misrepresenting facts regarding possession of land.

Under section 120-B, section 420 and Prevention of Corruption Act, the CBI had lodged a FIR against RSPL and its top officials and members of the 36th screening committee and other unnamed persons for the offenses.

A charge sheet was later filed against RSPL and Mr. Udit Rathi only. Regarding other directors of RSPL or members of the 36th screening committee, the CBI had said allegations against them could not be substantiated during the probe.

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