Naveen Jindal, a steel magnate who co-chairs the Australia-India CEO forum with trucking boss Lindsay Fox has been charged for allegedly paying bribes for cheap coal.
According to a Fairfax report, Jindal is accused of bribing officials in India to get coal at below market price.
It is alleged he paid 22.5 million rupees — $410,000 — to former junior coal minister Dasari Narayan Rao for giving him coal blocks for less than the market price for private Indian firms.
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