During the fresh auctions of coal blocks from the coal-scam era, Modi government allowed RP-Sanjiv Goenka Group’s shell companies to undercut competition while bidding for a coal block in West Bengal. Internally the government admitted to flawed auctions but it did not investigate CAG’s warning of possible collusion in auctions by 10 other private companies to corner large coal reserves and causing loss to the exchequer.
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Other companies with similar coal contracts did not get the benefits that Adani group did.
Nitin Sethi
The investigation reveals that the government allowed private corporations to bypass the competitive process to corner large coal reserves. It allowed shell companies of a conglomerate to manipulate auctions, and granted an extraordinary favour to another.
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