JLD Yavatmal Energy Limited, AMR Iron and Steel JAS Infrastructure Capital Private Limited have allegedly given wrong information in their applications claiming they were not in possession of any coal blocks.

However, during inquiry it came out that the companies and firms associated with them were allegedly in possession of six coal blocks, before new applications were moved, but no mining was done by them, CBI sources said.

They said the companies allegedly signed memorandum of understanding for small periods with number of companies and added their equity to project their sound financial status at the time of application for coal blocks.

Barring one case in which Nav Bharat Power Private Limited is the main accused, CBI has slapped Indian Penal Code sections related to criminal conspiracy to cheating and sectionsof Prevention of Corruption Act related to bribery and criminal misconduct.

In the case of Nav Bharat Power Private Limited, which had bagged two coal blocks Rampia and dip side of Rampia in Odisha, agency has only slapped charges of cheating.

The agency has accused the company's Directors P Trivikrama Prasad and Y Harish Chandra Prasad of alleged selling their controlling stake to Essar Power in 2010 at exhorbitant prices after getting coal blocks.

They agency alleged that while 5,000 personal shares of one of the promoters were sold at nearly Rs 50 crore, company stocks worth Rs 85 crore were given at a much cheaper rate.

CBI alleged that the company even added loans given by various banks in its net worth to bag coal blocks.

In case of Vini Iron and