Union Minister Demands Probe into Alleged Coal Stock Scam in Singareni Collieries Company Limited

Allegations of coal stock scam in Singareni Collieries Company Limited have created a political storm in Telangana. In this case, Union Coal Minister and BJP MP from Secunderabad Kishan Reddy has written a letter to CM Revanth Reddy demanding an investigation into the matter. In a letter dated 10 June, Kishan Reddy expressed concern that 4 million tons of coal worth about 1600 crores has gone missing from the stock of SCCL. Coal disappearance and other related news is very serious. It should be investigated immediately. He has said in his letter that I want to draw your attention to the reports of 4 million tons of coal worth 1600 crores missing. It has caused heavy losses to the company. Union Minister has clearly said that if these allegations are true, then the financial condition and future of the company will be affected. Referring to the situation of SCCL, the Union Minister said that the company can be weakened if the Telangana government does not pay the dues. In fact, its equity partner in Singareni Collieries Company Ltd. The Union Minister has said that the Union Government should immediately investigate the matter.