The court, however, imposed certain conditions on Naveen Jindal after the application was opposed by special public prosecutor N K Matta and advocate Samvedna Verma on behalf of the Enforcement Directorate (ED).
All the accused have denied the allegations levelled against them and said there was no evidence to show that there was any conspiracy during the coal block allocation process.
During Friday’s proceedings, the special court observed that though the charge of bribery is made out against Dasari Narayan Rao, the charge will not be framed against him as he is not alive.
The court will now take up the matter in the second week of March.
The apex court slammed the investigation agencies CBI and ED for the ‘slow progress’
The ED had registered a criminal case of money laundering against the firm, its managing director Anup Agarwal and unknown public servants, based on a CBI FIR, a few years back.
The verdict marked the fourth conviction by the special court hearing cases on the coal scam. The court will hear arguments on the quantum of punishment Thursday.
The Central Bureau of Investigation (CBI), during the arguments, alleged that the firm had applied for allocation of Rajhara North coal block on January 8, 2007.
The SIT headed by the CBI director was constituted on January 23 to look into charges that Sinha tried to influence the coal scam probe.
The Enforcement Directorate, in its status report, also told the Supreme Court it has lodged seven more cases in the coal block allocation scam
The apex court had on January 23 constituted a SIT to probe the allegations of “abuse of authority” prima facie committed by former CBI Director Ranjit Sinha to scuttle investigation and enquiries in coal block allocation cases.
Naveen Jindal, former Director of Jindal Steel and Power Ltd’s (JSPL) Sushil Maroo, former Deputy MD Anand Goyal and CEO Vikrant Gujral have been granted bail in the coal scam case by a special court.
In 2014, the Central Vigilance Commission (CVC) had started its proceedings on the complaints made by the two ministers.
CBI has now registered a fresh cases in the ongoing investigation in the coal scam against Monnet Ispat and Energy Limited, the criminal conspiracy case has been registered as the company was allotted Gare Palma block by the 10th screening committee.
The agency has also filed charge sheet against Naveen Jindal and five others, for allegedly cheating the government by misrepresenting facts to bag the Madhya Pradesh-based Urtan North coal block. They have been summoned to appear in the court as accused on September 4