The Central Bureau of Investigation on Wednesday filed a chargesheet against industrialist Naveen Jindal and 14 others in the Amarkonda Murgadangal coal block allocation matter. The matter will come up for hearing in the CBI court on Thursday. Apart from Jindal, among those named in the chargesheet are former Minister of State (Coal) Dasari Narayana Rao, former Jharkhand Chief Minister Madhu Koda and former coal secretary HC Gupta. The chargesheet centres on a transaction in 2008 where a company owned by former directors of the Naveen Jindal Group, and then by Jindal himself, gave an unsecured loan of Rs 2.25 crore to a nondescript trading company called ND Exim. This company then used the Rs 2.25 crore to buy shares of a company owned by Rao on extremely generous terms.
In this story, I argue that the CBI should not get any credit for this chargesheet. that its work, as i have written earlier, has been more coverup than investigation.