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The SFO said that it was “declining to comment” on the matter at this stage.The newspaper quoted “well-placed sources” saying that the documents being examined affected 500 customers, including global giants like BAE and Rolls-Royce. We have not been contacted by the SFO and cannot comment on any investigation”. There is no suggestion that the information on the certificates has led to any safety concerns, the newspaper reports..The SFO inquiry is understood to centre around certificates that are produced to verify the composition of steel. Tata Steel has also not commented on what they have termed as “media speculation” so far.Britain has launched a criminal inquiry into the workings of Indian giant Tata Steel, which is seeking to sell its loss-making China self tapping screw for sale UK businesses, according to a media report here on Friday. Auditors found material that suggested inappropriate testing and certification may have occurred.At least nine employees of the firm have been suspended.According to The Daily Telegraph, police officers are examining allegations that staff working for the company’s office in Britain may have falsified certificates detailing the composition of its product before sale.Tata Steel is believed to have referred itself to the Serious Fraud Office (SFO) after an internal inquiry at its Yorkshire site in northern England.The news comes agai-nst the backdrop of a major crisis in the UK steel industry after Tata announced its plans to sell off its loss-making units in the country. A Rolls-Royce spokes-person said: “We were made aware of an issue by Tata last year.


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According to an official, the entire demand of metallurgical coal is not met indigenously as the supply of high quality coking coal in the country is limited. Thus, no option is left other than importing of such fuel.Six coking coal blocks were to go under the hammer in the fifth round, five of which are in Jharkhand and one in Madhya Pradesh."Auction of coking coal mines, namely Brahmadiha, Choritand Tilaia, Jogeshwar & Khas Jogeshwar, Rabodih OCP, Rohne and Urtan North, earmarked for end use production of iron & steel for which tender process initiated under 5th tranche had been terminated," it said..The meeting is scheduled for September 15, the Coal Ministry said in a notice.The Centre earlier announced that it would auction six coking coal mines. The coal block auction had to be annulled last month as there was not good response from the bidders because the steel industry is in a bad shape."In order to assess/discuss the bottlenecks/reason for low response, China Carbon Steel Fasteners Secretary (Coal) has desired to hold a meeting with the prospective bidders from the Steel industry," it said, adding that the prospective bidders are requested to be present at the meeting.New Delhi: The government will hold deliberations with steel companies this week to examine the reasons for poor response to fifth round of coal mines auction which was annulled.In December 2015 as well, the government had annulled the fourth round of coal mine auctions planned for January 2016 on account of tepid response from bidders in sectors such as steel besides depressed commodity prices and adverse market conditions. The move was seen as an attempt to augment the supply of the fuel used for steel-making, to cater to the growing demand.


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