Coal scam: Naveen Jindal denies CBI's conspiracy theory in court

Industrialist Naveen Jindal on Wednesday denied CBI's allegation that he was part of any conspiracy in a coal scam case, saying if he had, he would have got the name of Lanco Infratech Ltd removed instead of his group firm JSW Energy Ltd from the Jharkhand government's recommendation.

Senior advocate S V Raju, who appeared before a special court for the former MP, argued that CBI's case was that then Jharkhand Chief Minister Madhu Koda had inserted Gagan Sponge Iron Private Ltd (GSIPL) in place of JSW Energy Ltd which was recommended by a three member sub-committee formed by the state government.

According to CBI, the sub-committee, formed to look into applications seeking allocation of coal blocks, had recommended Lanco Infratech Ltd, JSW Energy Ltd and Jindal Steel and Power Ltd (JSPL) for Amarkonda Murgadangal coal block in a ratio of 40 per cent, 30 per cent and 30 per cent shares respectively.

"CBI's case is that JSW was removed from recommendation which was sent to the Ministry of Coal and GSIPL's name was inserted. If there was any conspiracy, I could have asked the Chief Minister to remove Lanco Infratech Ltd and not JSW which was a group company of Jindal group," Raju told Special CBI Judge Bharat Parashar.

"If any conspiracy was hatched, name of Lanco Infratech Ltd could have gone out and not JSW," he told during arguments on framing of charges in the case.

He further said, "CBI's case is that my client wanted 100 per cent share of Amarkonda Murgadangal coal block. If it was so, I would have conspired to remove Lanco's name from the recommendation. Why Madhu Koda would have allowed Lanco to remain there if there was any conspiracy?"

Raju also said it was a case of no evidence and the case was based "purely on the surmises and conjectures" as far as Jindal is concerned.

During the hearing which would continue on Thursday, the counsel for accused company JSPL also advanced arguments on charges in the case relating to alleged irregularities in allocation of Amarkonda Murgadangal coal block in Jharkhand to JSPL and GSIPL.

Jindal, Koda, former Minister of State for Coal Dasari Narayan Rao, ex-Coal Secretary H C Gupta and 11 others were chargesheeted by CBI in the case.