Monday 3 September 2012

Understanding India's coal scam

The report of the Comptroller and Auditor General of India (CAG) on coal block allotment to private parties amounts to a very damaging accusation of financial irregularity.
In this photo: Finance Minister P. Chidambaram (centre), Coal Minister Shriprakash Jaiswal (left) and Law Minister Salman Khurshid, attend a press conference in New Delhi, Friday, August 24, 2012. The conference was held three days after angry opposition lawmakers shouted and crowded aisles in the parliament, demanding the prime minister's resignation after an audit found the government lost huge sums of money by selling coal fields without competitive bidding.