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February 27, 2023

One company gamed coal auctions. CAG said many others likely colluded. Modi government internally admitted to flawed rules but did not Investigate

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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