Name: Coalgate: Two years on, not a single arrest yet
Uploaded: 2014-05-01T18:42:35+05:30
Description: The CBI had filed a total of 18 FIRs, out of which four cases have been closed due to lack of evidence.

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New Delhi: Two years after the CBI launched investigations into Coal block allocation scam, one of the most politically sensitive cases, the probe is fast losing steam. The agency which was quick to file 18 FIRs in just two years is increasingly finding it difficult to sustain their allegations. Sources say there is very little prosecutable evidence against companies and bureaucrats. After examining over 200 firms, till date not a single arrest has been made in the Coalgate. 
 
The CBI had filed a total of 18 FIRs, out of which four cases have been closed due to lack of evidence, two other cases had implicated Congress MP Vijay Darda owned companies. There have been only two chargesheets, one of which is against another Darda owned company. There were five PEs out which two were set up to probe missing coal files, in due course of time the CBI found no criminality in these too. 
 
The biggest fear was whether the CBI in the course of its investigation was creating panic within India Inc. In October 2013 when the CBI lodged an FIR against top industrialist KM Birla and former Coal Secretary PC Parakh, industry leaders accused the CBI of misunderstanding the case. The Prime Minister and the Finance Minister too openly criticized the CBI. 
 
While PM Manmohan Singh said, "Error of judgment vs criminality", Finance Minister P Chidambaram opined, "Investigating agency must tread very carefully.. must respect the line between policy making and policing. If there is no violation of prescribed rule, there is no offence". 
 
It has been a case that saw the CBI - specifically its Director Ranjit Sinha lock horns with the government. His decisions conveyed an attempt to show him as impartial and taking on those in power. But did the CBI bite into more than it could chew? Instead of targeting those the CBI has been investigating, the coal scam has done the opposite, turned the heat on the agency itself.

Coalgate: Two years on, not a single arrest yet

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The CBI had filed a total of 18 FIRs, out of which four cases have been closed due to lack of evidence.

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Coalgate: Two years on, not a single arrest yet

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