Maharashtra Directors Jailed in Coal Scam
COAL & MINING

Maharashtra Directors Jailed in Coal Scam

A Delhi court has convicted two directors of Maharashtra-based B S Ispat Ltd for cheating and criminal conspiracy in a significant case related to the coal allocation scam. The scam involved irregularities in the allocation of the Marki Mangli-I coal block. Mohan Agrawal and Rakesh Agrawal received varying jail terms for their roles in the fraudulent activities.

Special Judge Sanjay Bansal found the accused guilty under sections 420 (cheating) and 120-B (criminal conspiracy) of the Indian Penal Code (IPC). This verdict marks the 16th conviction related to the coal scam, highlighting ongoing judicial efforts to address corruption in coal block allocations.

The case centred on the dishonest allocation practices employed by B S Ispat Ltd, which led to the unlawful acquisition of coal resources. The court's decision underscores the importance of upholding integrity in the resource allocation process, aiming to deter future malpractices.

The sentencing of the directors is expected to include jail terms and financial penalties, reflecting the severity of the offences committed. The court's judgment serves as a reminder of the legal repercussions for corporate entities and individuals involved in fraudulent schemes.

The prosecution, represented by Special Public Prosecutor R S Cheema, presented compelling evidence that led to the conviction. The court emphasised that the case was proven beyond reasonable doubt, reinforcing the judiciary's commitment to combating economic offences.

This landmark judgment is part of a broader effort to ensure transparency and accountability in India's coal sector. By holding the perpetrators accountable, the court aims to restore public confidence in the legal system and deter future instances of corporate fraud.

A Delhi court has convicted two directors of Maharashtra-based B S Ispat Ltd for cheating and criminal conspiracy in a significant case related to the coal allocation scam. The scam involved irregularities in the allocation of the Marki Mangli-I coal block. Mohan Agrawal and Rakesh Agrawal received varying jail terms for their roles in the fraudulent activities. Special Judge Sanjay Bansal found the accused guilty under sections 420 (cheating) and 120-B (criminal conspiracy) of the Indian Penal Code (IPC). This verdict marks the 16th conviction related to the coal scam, highlighting ongoing judicial efforts to address corruption in coal block allocations. The case centred on the dishonest allocation practices employed by B S Ispat Ltd, which led to the unlawful acquisition of coal resources. The court's decision underscores the importance of upholding integrity in the resource allocation process, aiming to deter future malpractices. The sentencing of the directors is expected to include jail terms and financial penalties, reflecting the severity of the offences committed. The court's judgment serves as a reminder of the legal repercussions for corporate entities and individuals involved in fraudulent schemes. The prosecution, represented by Special Public Prosecutor R S Cheema, presented compelling evidence that led to the conviction. The court emphasised that the case was proven beyond reasonable doubt, reinforcing the judiciary's commitment to combating economic offences. This landmark judgment is part of a broader effort to ensure transparency and accountability in India's coal sector. By holding the perpetrators accountable, the court aims to restore public confidence in the legal system and deter future instances of corporate fraud.

Next Story
Infrastructure Transport

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Next Story
Infrastructure Urban

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

Next Story
Infrastructure Urban

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement