Parakh has hit out at the PM, saying if he is to be blamed for the scam, then the PM too is an accused. Parakh cited the Comptroller and Auditor General report of August 2012 that had lauded him for opposing the present system of allocating coal blocks and pointed out that he had differences on many of the policy matters with the PM and the Coal Minister but was overruled.
Also read: Coal scam: CBI books KM Birla, ex-Coal Secy in graft case
"If there is something wrong, I am as much responsible as the PM. If Mr Birla can be a conspirator, I can be a conspirator, PM can also be the conspirator," Parakh said.
Reacting to this, government sources say the matter is between the CBI and the Supreme Court and the government has nothing to hide. They insist that the PM has already clarified his stand in Parliament. The BJP had defended Parakh and has asked the Prime Minister to come clean. "I appeal to Parakh to not be afraid and speak without fear. Parakh is correct in saying that PM is accused No.1 in this case," BJP leader Yashwant Sinha said.
On Tuesday, FIRs were filed against Aditya Birla Group Chairman Kumar Mangalam Birla, NALCO , HINDALCO and former secretary coal PC Parakh. Cases of cheating, forgery and financial misrepresentation have been filed. Sources said that in the FIR against Birla, the name of the concerned coal block in question is Talabira II in the Jasakuda district of Odisha.
This coal block was allocated in 2005. The Aditya Birla Group has issued a statement saying, "Did not receive any FIR copy and there is no reason for it." The FIR says HINDALCO did not fulfill requirements of coal block but was unduly favoured by the government. Earlier Congress MP and industrialist Naveen Jindal was summoned by the CBI in September and was subjected to some intense scrutiny.
Naveen has been named as an accused in the twelfth FIR of the CBI in coal scan. The CBI in its FIR has said that Naveen's company, Jindal Group, was not recommended by the Jharkhand government. The FIR also accused him of misrepresentation of facts.
On October 15, 2013, National Aluminium Company closed at Rs 32.75, down Rs 0.1, or 0.3 percent. The 52-week high of the share was Rs 52.00 and the 52-week low was Rs 24.10.
The company's trailing 12-month (TTM) EPS was at Rs 2.05 per share as per the quarter ended June 2013. The stock's price-to-earnings (P/E) ratio was 15.98. The latest book value of the company is Rs 46.30 per share. At current value, the price-to-book value of the company was 0.71.
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