JSPL slips over 13% as CBI registers a fresh case

NEW DELHI: Jindal Steel & Power Ltd plunged as much as 13.2 per cent in intraday trade on Monday, after the CBI registered a fresh case of alleged cheating and corruption against Jindal Steel and Power Limited among others in connection with its probe into coal blocks allocation probe.

PTI said in a report quoting a CBI spokesperson that it is the 36th FIR in connection with its probe into the coal blocks scam.

The fresh case has been registered against Jindal Stripes Limited, Jindal Steel and Power Limited and unknown public officials for alleged criminal conspiracy and cheating under the Indian Penal Code and provisions of the Prevention of Corruption Act, CBI sources said.

Soon after registering the case, the agency today carried out searches at four locations in Raigarh, Chhattisgarh, they said.