CBI files closure report in case against former NCCF chairman and Adani Enterprises
The CBI has closed its case against Adani Enterprises and a former National Cooperative Consumer Federation chairman for alleged irregularities in the award of a contract for supplying imported coal to the Andhra Pradesh Power Generation Corporation, officials said.
)
The CBI has closed its case against Adani Enterprises and a former National Cooperative Consumer Federation chairman for alleged irregularities in the award of a contract for supplying imported coal to the Andhra Pradesh Power Generation Corporation, officials said.
The central agency has filed before a special CBI court the closure report in the case registered in 2020 in which it had also booked the then NCCF managing director G P Gupta and senior adviser S C Singhal.
The special court will now take a call on whether to accept the closure, send it back to the CBI for further investigation or proceed with the trial on the basis of the available materials, the officials said.
The CBI had registered the case against Adani Enterprises, former NCCF chairman Virender Singh and others in 2020 after a three-year-long preliminary enquiry on the basis of a complaint from the then deputy secretary of the Union Ministry of Consumer Affairs, Food and Public Distribution Premraj Kuar.
Kuar has taken voluntary retirement from service, the CBI told the special court, which has now issued notices to the retired officer and the current incumbent to remain present on the next date of the hearing.
Based on the findings of the enquiry, the CBI had registered a case of cheating and corruption against Adani Enterprises and the former chairman of the multi-state cooperative NCCF for alleged irregularities in selecting a company for a tender to supply coal to power stations in Andhra Pradesh.
The Andhra Pradesh Power Generation Corporation (APGENCO) had floated a limited tender enquiry for the supply of six lakh metric tonnes (MT) of imported coal via seaports to the Narla Tata Rao Thermal Power Plant in Vijayawada and the Rayalaseema Thermal Power Plant (RTPP) in Kadapa on June 29, 2010, the CBI FIR had said.
The agency had alleged that senior officers of the NCCF did post tender negotiations with Adani Enterprises to give it undue benefits even though the company did not qualify.
It had booked the company and the officials for alleged criminal conspiracy and cheating and under the provisions of the Prevention of Corruption Act for allegedly favouring the Ahmedabad-based company and violating guidelines in the tender process.
Catch the latest stock market updates here. For all other news related to business, politics, tech, sports, and auto, visit Zeebiz.com.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES

SBI Senior Citizen FD Rates: Want to invest Rs 3,00,000 in SBI FD? You can get this much maturity amount in 1 year, 3 years, and 5 years

5 Stocks to Buy: Varun Beverages, ICICI Bank, Godrej Consumer, and 2 others for up 67% upside; check out long-term targets

EPS Pension Calculation: Rs 40,000 basic salary, 30 years of service, what will be your monthly EPS pension amount?

Retirement Planning: How one-time investment of Rs 11,00,000 can create a Rs 3,30,00,000 retirement corpus

SBI vs PNB vs BoB- 5 year FD Scheme: Which bank can give you higher return on Rs 1 lakh and Rs 2 lakh investment?

Monthly Pension Calculations: Is your basic pension Rs 25,000, Rs 45,000, or Rs 55,000? Know what can be your total pension as per latest DR rates

Income Tax Calculations: Is your annual salary Rs 6.75 lakh, Rs 9.25 lakh, Rs 14.50 lakh, or Rs 18.50 lakh? Know how much tax you will pay in old and new tax regimes
03:41 PM IST