India's premier investigating agency, the Central Bureau of Investigation (CBI) on Saturday raided the office and industrial premises of Pushp Steel and Mines ltd located in Chhattisgarh in connection with the Coalgate.
The sleuths of the investigating agency struck more at half a dozen places where the company has office and industrial facility at around 9 am on Saturday. The officials are reportedly seized some vital documents during the raid.
The CBI has registered a fresh case against Pusph Steel in connection with alleged misrepresentation of facts while applying for coal blocks. The team had detained a few company officials and was interrogating them. The officials however refused to reveal the details stating that the Delhi headquarters was coordinating the operation.
The company came to the limelight when it was allotted an iron-ore mine in Chhattisgarh’s Kanker district. At that time, the turnover of Pusph Steel was just Rs100,000. The Opposition Congress indicted the Chhattisgarh's BJP Government stating that such a small company was allotted a huge iron ore mines.
The matter came up in the Chhattisgarh legislative Assembly and later the State Government cancelled the lease. The company moved to the High Court and got stay against the Government order. The matter is still in the court of law.
The Pusph Steel purchased a small steel plant in Raipur and applied for coal block. Neither the Chhattisgarh Government nor the Madhya Pradesh Government recommended for the company. But it got the coal block in Chindwara district of Madhya Pradesh.
The company reportedly submitted fake documents and concealed many details about the company including its net worth while applying for the coal block.