SEBI Reg. Investment Advisor

Download App

Help Center Pricing

Recent:

CBI estimates coalgate scam worth 1200cr; to probe 4 state govts

08 Jun 2012 Evaluate

Beginning with its investigations, the Central Bureau of Investigation (CBI) has revealed that Coalgate scam has total worth of around Rs 1200 crore. In the coal scam, it is alleged that government has allocated coal blocks to private companies in an irregular manner instead of public auction, during 2004-09. The agency is also examining the role of four state governments namely West Bengal, Odisha, Chhattisgarh and Jharkhand for signing MoUs with the private companies.

According to CBI, the documents of as many as 1,000 companies has been scanned and the agency has found that more than 500 companies are allegedly involved in the scam who although got coal linkage and signed fuel supply agreement, misused it to make fortunes. The CBI has set 14 teams within its economic offences wing (EOW) to probe the documents pertaining to allocation of coal blocks.

'We found evidence against the companies which got coal at notified (subsidized) price of around Rs 2,000 per tonne and sold it in open market at around Rs 6,000 per tonne and made huge fortunes. If we calculate the total worth of coal lifted by the 500 companies, currently under scanner, it comes to around Rs 1200 crore. We were surprised that most of the companies did not even set up the plant for treatment of coal and convert into smokeless fuel,' the CBI officer said.

'At times the companies which got coal linkage lifted coal from the mining companies and directly transported it to markets on the Bihar-Uttar Pradesh border. We are slowly moving with the investigation and have even conducted more than 50 raids including offices and residences of senior officials of public sector coal companies and owners of the companies which got coal linkage and sold it in open market,' the officer added. The agency also discovered that officers of coal companies never verified the documents submitted by private companies.

Earlier, the Comptroller and Auditor General (CAG) had presented a report on the similar issue. However Coal Minister Sriprakash Jaiswal had dismissed the findings of CAG by naming the report as “illogical”. By adding further, Jaiswal said “This is no logic. If this is accepted, there are so many hydro projects in the country. Tell me whether usage of water was charged.”

The anti-corruption activist - Anna Hazare and his team had demanded special investigation team (SIT), instead of CBI, to probe coalgate scam in which PM and other 14 ministers are allegedly involved. However, recently Hazare has given clean-shit to the PM.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Fiduciary-first advisory model.
As SEBI-registered IAs, we are legally and ethically bound to act in the best interests of our clients. We do not sell or distribute any financial products. This ensures our guidance is 100% unbiased and conflict-free.
Deep fundamental research + robust valuation discipline.
Built on more than 15 years of equity research, our framework combines quality assessment, intrinsic value estimation, and a sensible margin-of-safety approach.
Process—not predictions.
We don’t rely on guesswork or market timing. Instead, we focus on asset allocation, risk management, and long-term compounding.
Technology + Human Intelligence.
We believe a combination of both is essential for investing success. We constantly innovate and upgrade in-house tools, financial X-rays, and portfolio analytics so that our team of analysts and advisors are equipped with the best.
Partner with Clients.
We follow a DIWM (Do-It-With-Me) approach where we partner clients in setting goals, financial planning, educating on our investing process and share decision-enabling resources transparently with our clients who retain control on execution.

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

Investing in stocks, mutual funds, debt, and gold
Quality-at-Reasonable-Price way of investing in stocks
Constructing Direct Stock Portfolios with Core, Booster, and Amplifier stocks
A Mutual Fund Portfolio that delivers consistent out-performance and meaningful diversification (low overlap)
Periodic review and rebalancing
Clear Buy-Sell-Hold, and Position-sizing frameworks

PROPRIETARY FRAMEWORK

Portfolio
Architecture >
Stock Picking.

Stop managing a collection of "tips." Access the ABC Framework to build a portfolio that survives cycles and compounds wealth.

Core for Stability

Booster for Alpha

Amplifier for Exponential Wealth

Build a Stress-Tested Portfolio.

Our Sapphire Advisory uses the ABC Concept to ensure you never have to panic during a market correction.

Core Stocks

STABILITY

Booster Stocks

GROWTH

Amplifier Stocks

ASYMMETRY

● Conflict-Free ● SEBI Registered ● 15Y+ Track Record

Access Sapphire ABC Strategy →

Limited Capacity for New Fiduciary Partners

CBI estimates coalgate scam worth 1200cr; to probe 4 state govts

MoneyWorks4Me Premium

Follow us at

MoneyWorks4Me

About MoneyWorks4Me

Our Vision

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
Logo:
Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
Brand Logo:
SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045
Compliance officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com Telephone: +91 98609 19463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com Telephone: +91 91758 99463 Address: Same as IA
Standard Warning:	Investment in securities market are subject to market risks. Read all the related documents carefully before investing.
Disclaimer:	Registration granted by SEBI, enlistment with exchange and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.