gfiles magazine

October 23, 2013

jindal group | Chickens come to roost for Jindal

coal scam jindal group
Chickens come to roost for Jindal
Coalgate and other scams smear Navin Jindal’s white marble-engraved image, while putting a question mark on the rapid growth of the MP’s business empire
By Naresh Minocha

AGNI (fire) is pure and a great generator for all creations to happen. Just as adhering to the sanctity and sacredness of the holy fire can purify us from negative karmas, similarly, imbibing qualities like integrity and loyalty help us keep a self-check and do what is right,” says natural resources tycoon-cumparliamentarian Naveen Jindal’s flagship company, Jindal Steel and Power Limited (JSPL). When JSPL gave a philosophical touch to the five elements of the Universe — Bhoomi (earth), Agni (fire), Aakash (sky), Jal (water) and Vayu (air) — to explain ‘The Jindal Way’ of doing business in its annual report for 2011-12, it hardly visualised that Naveen Jindal would face ‘agni pariksha’ to prove his corporate and personal integrity.

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