Tuesday 5 June 2012

Coal-Gate: Another Multi-billion Scam Hits India


New Delhi, March 23: India’s coalition government was rocked by a fresh corruption scandal on Thursday after it was accused of forgoing $210 billion in potential revenues by selling coal assets too cheaply to some of the country’s top industrialists.
The accusations – contained in a leaked 110-page draft report by India’s comptroller and auditor general – prompted an uproar from the opposition Bharatiya Janata Party (BJP), which attacked the government led by Manmohan Singh, prime minister, for mounting a “very serious scam”.
Loot sako toh loot lo...free for all....
I can tell this CAG report to be very near to truth as I live in the Coal Capital of Dhanbad, Jharkhand, and the coal mafias there have made it so \"big\"...so obnoxious that still BCCL (the only sister concern of CIL producing Coking Coal useful for metallurgical industries) do not have its sales infrastructure and have to depend upon so called Depo agents and mostly the allocation of a particular Depo (depending upon its lucrative structure) is based only on bhai bhatijawad (read chutbhaiyas).

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