Friday, October 25, 2013

Coalgate: Assocham writes open letter to PM, says worried about \'half baked truth\'

Last Updated: Friday, October 25, 2013,

New Delhi: Expressing concerns on famous Industrialists' name being dragged into the coal allocation scam, Industry body Assocham has written a strongly worded letter to Prime Minister Manmohan Singh.

The industry body has also cautioned that such instances could impair decision making too.

The CBI earlier this month filed a case against Birla as a representative of Aditya Birla Group and his group company, aluminium maker Hindalco, for alleged corruption in the allocation of Talabira-II coal blocks in Odisha which was allotted to it on November 10, 2005. Former Coal Secretary PC Parakh was also named by CBI on the matter.

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Assocham has sought Prime Minister\'s intervention to end the \"environment of distrust\" which had arisen due to \"half-baked cases\" against industry leaders.

\"We find ourselves in a situation where half-baked cases are being slapped against top leaders of the industry and retired bureaucrats based on perceptions, interpretations and mere inferences,\" Assocham wrote in a letter to Manmohan Singh.

\"We fear that more industrialists could be targets of the CBI probes which in all likelihood would not bring out any substantial evidence of any wrongdoing, but the problem is that the reputation of individual enterprises gets jolted,\" it said.

\"Sir, we are afraid, if this environment of distrust continues, the decision making will get further hampered,\" it said in the letter.

\"The CBI cases against well respected industrialists and former senior bureaucrats are... Something we can ill-afford at this point of time when our economy is facing a tremendous loss of investor and consumer confidence,\" the chamber said.

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