New Delhi Television reported that the Supreme Court of India believes that "the heart" of the Central Bureau of Investigation's (CBI) Coalgate report draft was altered as a result of government suggestions. That's in contrast to the CBI's claim that the "central theme of the status reports have not changed."
Reuters reported that the Indian government plans to sell a 10-percent stake in Coal India Ltd. (BSE:533278) via a share auction that it hopes to launch by August or September. This week, it is set to invite bankers and advisers to bid to manage the offering.
The Times of India reported that Ranjit Sinha, director of India's Central Bureau of Investigation (CBI), filed an affidavit stating that changes were made to the CBI's draft report on Coalgate as a result of suggestions put forward by Union Law Minister Ashwani Kumar and others. Previously, Sinha had said that while government officials saw the report, he had not allowed any "substantive changes" to be made.
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