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Friday, August 5, 2011

KARNATAKA LOKAYUKTA:JSW Steel refutes Lokayukta charges, says it's an aggrieved party!

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PTI / The Hindu / NEW DELHI, August 5, 2011.

Rejecting the allegations levelled against JSW Steel in the Karnataka Lokayukta report, the Sajjan Jindal-led firm on Thursday said it was “appalled and concerned with the untenable conclusions” drawn in the report.

Giving its rebuttal on allegations of seeking favours to get iron ore mining leases and other illegal actions made in the report, the company claimed itself as an aggrieved party that had not been allotted a single captive mine despite being the biggest investor in the State.

“However, it is not looking at taking legal recourse for now but it may do so in future, JSW Steel's Joint Managing Director M.V.S. Seshagiri Rao told journalists here.

He, however, evaded direct answers to questions on his firm's transactions with former Chief Minister B.S. Yeddyurappa's sons, son-in-law and other family members.

When asked about the accusations of paying excess money to former Mr. Yeddyurappa's sons for buying an acre of land, eventually which triggered resignation of the BJP leader, Mr. Rao claimed that the company paid market price and was willing to make its sale deed agreement public.

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