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

CBI sources said they have slapped charges of criminal misconduct on the part of the government official and that stands even if there is no quid pro quo.

The sources claimed that alleged favours shown to Birla in awarding Talabira II and III resulted in notional loss to the exchequer which is enough to book Parakh and Birla for criminal conspiracy.

Parakh and Hindalco have both refuted the allegations and claimed no wrong doing was involved in the decision.