It seems that India lost no less than 210 billion dollars in what some opposition politicians named “the mother of all frauds“.
A report drafted by the audit institution said that the money were lost the moment coal mines owned by the Government were sold to private operator at low prices.
The report criticizes the allotment of 155 fields to 100 companies between 2004 an 2009 and they were wondering why they were not assigned to the company that offered the best price.
The report criticizes the Indian Government but avoids launching direct accusations of corruption. Furthermore, after this scandal, the audio institution started to back down saying that their point of view has changed.