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Coal Scam – Another Multicrore Scandal in India

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India is experiencing huge corruption scandal The government in New Delhi will have to forgive big business recklessly mining rights. $ 207 billion the Treasury had escaped Sun.
coal scandal india Coal Scam Another Multicrore Scandal in India
India faces the biggest corruption case in its history. Coalgate him the Indian media call on Thursday. The Indian Court accused in a report by the government in Delhi to have 2004 to 2009 awarded the mining rights to 155 coal mines without a public tender. According to the Court for the Indian exchequer losses on $ 207 billion were incurred. The lightly assigned coal reserves are estimated at 33 billion tonnes of black gold – enough to cover 50 years of the current energy needs of India.

The allegations of the Court go directly to the address of the Indian leaders Manmohan Singh, from November 2006 to May 2009 and served during two brief periods of previous Office and the Office of the Coal Ministry. During the morning hours on Thursday, the opposition parties blocked in the Indian Parliament, the deliberations and asking for a statement of the government.

“This is the worst of all the scandals, the government steals our land,” said opposition spokesman Prakash Javedkar of the Bharatiya Janata Party (BJP). Coal Minister Praksh Jaiwal reacted cautiously and demanded a full insight into the report, which was published in the morning in parts of the Times of India, the largest English-language newspaper in the world.

Coal mining has not even started in most mines

In December 2010, a report of the Court had misappropriated funds in the amount of $ 34 billion at the invitation of new mobile licenses brought the then largest corruption scandal in Indian history to light. Since then sees out of the Congress-led government under Manmohan Singh constantly exposed to new allegations.

Singh’s former telecommunications minister sits for more than a year in jail. Recently, the Supreme Court of the country had confirmed the allegations of the ECA when mobile licensing. All this gives the new allegations from the same place extra weight.

More than one hundred private companies – including companies from India colorful billionaires – should have benefited from the award of the coal-mining rights. Above all, the Tata group under Ratan Tata, the most respected entrepreneurs in the country. Also one of the party: the billionaire Anil Agarwal, chief of Vedanta group, Lakshmi Mittal, boss of the steel giant Arcelor Mittal, and Kumar Birla, head of Aditya Birla Group.

However, many such companies have had so far little to do with coal and apparently only used the favorable acquisition opportunities. According to the mining of coal has in most mines have not even begun to date. Nevertheless, the rapid allocation of mines has been established by a decision of the Planning Commission of India from 2005, which described India as a “non-energy secure country.”

The Indian government is currently in the midst of budget discussions in Parliament and the consent partly rebellious coalition partners. Already on Thursday demanded the resignation of opposition leader Prime Minister Singh, the Prime Minister spoke in the afternoon with the opposition leaders. For small parties, which previously still hold the Congress Party and Singh, the pressure will be great to leave after the new revelations, the government corruption. If, so far, Delhi had a stalwart government crisis.

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