Naveen Jindal, vice chairman and managing director of Jindal Steel & Power Ltd. (Photographer: Prashanth Vishwanathan/Bloomberg)

Delhi Court Grants Bail To Jindal, Others In Coal Scam Related Case

A Delhi court granted bail to industrialist and Congress leader Naveen Jindal and 14 others, accused of money laundering in a case pertaining to irregularities in the allocation of a Jharkhand coal block.

Special Judge Bharat Parashar granted the relief on a personal bond of Rs 1 lakh and one surety of the like amount.

Besides Jindal, those granted relief are Jindal Steel and Power Ltd.’s then adviser Anand Goel, Mumbai’s Essar Power Ltd’s Executive Vice-Chairman Sushil Kumar Maroo, Nihar Stocks Ltd’s Director BSN Suryanarayan, Mumbai-based KE International’s Chief Financial Officer Rajeev Aggarwal and Gurgaon-based Green Infra’s Vice-President Siddharth Madra.

Those arrayed as accused include K Ramakrishna Prasad, Rajiv Jain and Gyan Swaroop Garg.