Even the forest land in the power station area, for which Stage-II forest clearance was accorded by the central government in November 2010, has not been handed over to JIPL
Even the forest land in the power station area, for which the stage- II forest clearance was accorded by the Centre way back in November 2010, has not been handed over to JIPL
. As regards the coal block, land acquisition process has not even been initiated, for which the application was submitted way back in February 2009, the statement added.
The agency had found that the foreign investment in franchise Jaipur IPL Cricket Pvt Ltd (JIPL) was made in flagrant contravention of FEMA.
The ED had found that the foreign investment in JIPL was made much prior to its incorporation and funds were remitted in an irregular manner and shares were sought to be issued in contravention of FEMA.
Cuadro 1: Mapa general de las asociaciones en el sector lacteo argentino Asociaciones Tradicionales Trabajadores y Produccion Industria Consumidores SRA CIL ATILRA CRA FAA UGT JIPL
FECET CONINAGRO Asociaciones Nuevas Trabajadores y Produccion Industria Consumidores APLECOR APyMEL ONGs de APLESAFE--Mesa de consumidores Productores de Santa Fe GD APLENOBA APLESOBEP 2[grados] grado: APL PLASSACO CAPROLECOBA UPLCMyS CLAN CLAS Mesa Nacional de Productores Lecheros CAPROLEBA FAPROLE
While arguing before special CBI Judge Bharat Parashar, the CBI said the convicts -- Jharkhand Ispat Private Limited (JIPL) and its directors R S Rungta and R C Rungta -- had committed economic offences with calculated minds so they deserved no leniency and maximum punishment be given to them.
Rungtas and JIPL are the first ones to be convicted among the several coal scam cases going on in the court which has observed that the convicts had "fraudulently" and with a dishonest intention "deceived" the government in allocating the North Dhadu coal block in Jharkhand to the firm.
The special court had on March 28 held JIPL and its two Directors guilty of various charges including deceiving and defrauding the government to bag a coal block in the state.
The court convicted JIPL and its directors R S Rungta and R C Rungta for the offence of cheating and criminal conspiracy under the IPC, observing that they had "fraudulently" and with a dishonest intention "deceived" the government in allocating the North Dhadu coal block in Jharkhand to the firm.
JIPL had moved a proposal to issue 100 per cent foreign equity worth over $ 5.82 million from overseas investors.
JIPL had approached the FIPB to induct foreign equity from Manoj Badale- promoted Emerging Media IPL, UK.