CHARGESHEET: CBI files a chargesheet against former MD of AIIDC and a private person
Author(s): SK VyasAllegation: misappropriation of about Rs. 3 Cr Jalaandhar,November 1,2012: The Central Bureau of Investigation (CBI) has filed a charge sheet against a former Managing Director, Assam Industrial Infrastructure Development...
Allegation: misappropriation of about Rs. 3 Cr
Jalaandhar,November 1,2012: The Central Bureau of Investigation (CBI) has filed a charge sheet against a former Managing Director, Assam Industrial Infrastructure Development Corporation (AIIDC) and a Director of Guwahati based private firm, U/s. 120B, 409 & 471 IPC and Sec. 13(2) r/w 13(1)(c) and (d) of P.C, Act. 1988 in the court of Special Judge, CBI Cases, Guwahati for misappropriation of about Rs. 3 crore.
In a statement released here today by the Spokesperson of the CBI, It was alleged that Coal India Limited (CIL) allotted 36,000 MT of coal from North Eastern Coal Field, Margherita as per Fuel Supply Agreement (FSA) with the Government of Assam for distribution of the said Coal to Small Units like Brick Kilns, Tea Estates for the year 2008-10.
Accordingly, Government of Assam allowed the Assam Industrial Infrastructure Development Corporation (AIIDC) to lift the said coal for distributing among suitable end-users. The Assam Industrial Infrastructure Development Corporation then engaged a Guwahati (Assam) based private firm to lift and distribute the said coal but a huge quantity of the said coal was diverted, instead of distribution among actual end-users.
The Spokesperson said, "The investigation revealed that during the period 2008-10, the 36864 MT of coal quantity was allotted to AIIDC, and out of that about 15000 MT of coal was diverted by the then Managing Director, AIIDC and the Director of Guwahati based private firm and by which they had misappropriated the coal of which the market price estimated to the tune of over Rs.3 crore.
After thorough investigation, CBI filed a charge sheet against both the accused in the Court of Special Judge, CBI cases, Guwahati.
It may be reminded that the above findings are based on the investigation done by CBI and evidence collected by it.
He said under the Indian Law, the accused are presumed to be innocent till their guilt is finally established after a fair trial.