- Hindalco, Idea Cellular shares fall 5% after CBI books Kumar Mangalam Birla in coal scamBSE Sensex drops 60 pts as rate fears hit HDFC Bank, ICICI Bank sharesKumar Mangalam Birla embroiled in Coalgate case with CBI filing 14th FIRCAG had hailed ex-coal official P C Parakh as whistleblower
also a member of the Board of Trade, an advisory body of industrialists with the commerce ministry as well as a member of the Prime Minister’s Council on Trade and Industry.
Sharma said it is strange that meetings between industry heads and ministers or officers are being questioned. “We run an open system of governance. It is the right of each one of them to present their case before us but to infer from there that the decision is prejudiced is absolutely wrong,” he said.
On Tuesday, a statement from Hindalco, the Aditya Birla group firm that had applied for the coal mines, had described the charges against Kumar Mangalam Birla as “preposterous”.
Hindalco also said in a statement to the Bombay Stock Exchange that it had “followed every process required for allocation of coal completely, as stipulated by the government policy”.