ED books Revati Cement Pvt Ltd in connection with coal scam

INDORE: The Enforcement Directorate today booked a cement company here under the Prevention of Money Laundering Act in connection with the coal scam.

" Revati Cement Private Limited has been booked by the ED on the basis of an FIR filed against it by the Central Bureau of Investigation (CBI) regarding allotment of a coal block," an ED official said.

He said that the ED is going through the FIR and gathering information on financial transactions of the cement company's director.

According to the FIR, despite being ineligible as per the Department of Industrial Policy and Promotion (DIPP) norms, the cement company was allotted the Thesgora 'B' Rudrapuri Coal Block in Madhya Pradesh in 2008.

The FIR said that the 36th screening committee deliberately didn't follow guidelines and showed undue favours to the company.