Top
Millennium Post

ED books Revati Cement Pvt Ltd in connection with coal scam

The Enforcement Directorate on Wednesday booked a cement company in Indore under the Prevention of Money Laundering Act in connection with the infamous coal scam.

“Revati Cement Private Limited has been booked by the ED on the basis of an FIR filed against it by the Central Bureau of Investigation (CBI) regarding allotment of a coal block,” an ED official said.
He said that the Enforcement Directorate is going through the FIR and gathering information on financial transactions of the cement company’s director.

According to the FIR, despite being ineligible as per the Department of Industrial Policy and Promotion (DIPP) norms, the cement company was allotted the Thesgora ‘B’ Rudrapuri Coal Block in Madhya Pradesh in 2008.

The FIR said the 36th screening committee deliberately didn’t follow guidelines and showed undue favours to the company.

Next Story
Share it