Coalgate: I-T seizes Rs 25 cr found at Hindalco office

The CBI, during its searches conducted yesterday, at the fourth floor office of the UCO Bank building of the firm here at Parliament Street, had found unaccounted Rs 25 crore in cash and incriminating documents.

The agency had then sounded the I-T department.

Soon after registering FIR against former Coal Secretary P C Parakh, Aditya Birla Group Chairman Kumar Mangalam Birla and Hindalco Industries for alleged irregularities in the allocation of Talabira II and III coal block eight years ago, searches were conducted by CBI at six locations.

The searches were carried out in Delhi, Mumbai, Hyderabad and Bhubaneshwar.