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Businessman Manoj Kumar Jayaswal Cleared in Coal Scam Case by Special CBI Court

A special CBI court has cleared industrialist Manoj Kumar Jayaswal of charges related to the coal block allocation scam. The case was filed by the Central Bureau of Investigation (CBI).

This marks the fourth time Jayaswal has been cleared of such charges, but it’s the first time he has been discharged in a case filed by the CBI. Previously, three other cases against him, which were related to money laundering and filed by the Enforcement Directorate (ED), were dismissed.

The CBI had accused Jayaswal’s company, Corporate Ispat Alloys, of using fake documents and false information to secure the Chitarpur Coal Block in Jharkhand. However, Jayaswal’s lawyer, Vijay Aggarwal, argued that his client was not involved in any wrongdoing.

The trial court agreed, stating that no government official had been tricked or misled by the company’s actions. Since no one was deceived, the court found no reason to charge Jayaswal or any other accused in the case.

Regarding the claim that the company misrepresented the availability of resources like land, water, and electricity for a plant in Durgapur, West Bengal, the court noted that the coal block was eventually allocated for a different plant in Hazaribagh, Jharkhand. Since the company didn’t make any false claims about the Hazaribagh plant, the court dismissed the charges.

Earlier this year, in May, another special court had also cleared Jayaswal of money laundering charges linked to the coal allocation scandal.

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

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