CBI files chargesheet against BSY, Jindal in mining scam

Problems seems to be not ending for BS Yeddyurappa, the former Chief Minister of Karnataka, who is all set to launch his new party after resigning from Bharatiya Janata Party (BJP). In a latest move, Central Bureau of Investigation (CBI) on Tuesday filed charge-sheet against the former CM and his family members over mining scam and illegal de-notification of lands in the state.

In its charge-sheet, CBI has accused Yeddyurappa and his kin for not recovering from JSW Steel a sum of Rs 890 crore due to the government, in return for monetary benefits. Among others, sons BY Vijayendra and BY Raghavendra, son-in-law RN Sohan Kumar and JSW Steel represented by Sajjan Jindal, CEO Vinod Nowal and senior vice-president Vikas Sharma were made accused in the case and have been booked under IPC sections 120-B (criminal conspiracy) read with 109 (Abetment), 420 (cheating), 468 (forgery), 471 (forging of documents) besides relevant sections of Prevention of Corruption Act and Section 9 read with Section 4 of Karnataka Land (Restriction on) Transfer Act related to illegal mining.

The latest move by CBI seems to be ill-effects of the report submitted by former Karnataka Lokayukta Santosh Hegde who had accused Yeddyurappa and others in the mining scam.

Commenting on the development, a CBI official said, "In our investigation, we have found that Yeddyurappa, the then CM, abused his official position to provide undue gains to JSW Steel and its subsidiary companies in Bellary."

"JSW Steel and its group companies caused a loss of Rs 890 crore to the state PSU by over exploiting its resources," he added.

However, JSW steel authority refused to comment on the development, saying that as the copy of the charge-sheet has not been served on any of the officers of the company, it is premature to offer comments."

In May, the Supreme Court had appointed CBI to investigate Yeddyurappa and his kin's alleged roles in bribery and mining scams following the Central Empowered Committee's report on mining irregularities in Karnataka.

Read more about: bjp, cbi, karnataka
Story first published: Wednesday, October 17, 2012, 9:30 [IST]
Please Wait while comments are loading...
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Thousands of Goodreturn readers receive our evening newsletter.
Have you subscribed?