Coal India swindle Rs.100,000,000.00 from PM Fund

Here’s news item from CNN-IBN. As big as the number sounds, I think when compared to the amount the politicians and the corrupt officials are cheating from us – the tax payers, on a regular basis, this amount would be peanuts!!!!

New Delhi: Under an RTI (Right To Information) filed by an employee of South Eastern Coalfield Limited, the PMO has revealed startling facts about how an amount of Rs 10 crore, collected by Coal India Ltd (CIL) from its employees for over a decade, was misappropriated.

Here’s a look at what the PMO Inquiry Report says:

  • Rs 40.65 crore collected from CIL employees for PM’s Relief Fund
  • Only Rs 30 crore submitted
  • Rs 4.71 crore used for unauthorised purchase of relief material
  • Rs 5.93 crore still in CIL coffers

The report from PMO targets one of India’s biggest PSUs, Coal India Limited.

The man who brought the corruption to light, Mujibur Rehman, is a lab technician at a Coal India subsidiary. Rehman filed an application under RTI last year seeking details of the money collected for the Prime Minister’s Relief Fund after which the PMO was forced to conduct an inquiry.

The result was shocking: Coal India withheld Rs 10 crore from the relief fund.

Rs 30 lakh collected during the 2004 Tsunami and 17 lakh during the 1999 Orissa cyclone was never handed over and that’s not all. While Kargil collections were submitted eight years late in August 2007, Rs 7 crores collected for the 2005 J&K earthquake have not yet been deposited.

Funds have been used illegally as working capital causing loss of interest to the PM’s Fund. For all his efforts, Rehman has been shunted around, threatened and charge-sheeted twice by CIL for using the RTI Act. “The CMD warned me to quit this,” says Rehman.

It is ironic that while the government passes an Act like the RTI the system and society penalises the individual for using it. The PMO says while it is accountable for the money that has come to them, they are not responsible for the money that was supposed to, but hasn’t reached them.

RTI experts are livid and want the PMO to fix responsibility. “People gave money generously and now after 7-8 years, it’s shocking to see the money is lying in FDs. The company is using it as a working capital. It’s a breach of faith,” says RTI activist Arvind Kejriwal.

This is the result of just one enquiry and with more probes on the cards, Coal India could see more skeletons tumbling out of its cupboard.

[ Source: CNN-IBN ]


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