EXPOSE -coal scam
Robbing the Black Gold
The CAG report on discretionary allotment of coal blocks only touches the tip of the scandal, and could well turn out to be the ‘mother of all scams’
by Naresh Minocha
The Comptroller & Auditor General’s draft performance audit on discretionary allocation of coal blocks, identifying windfall benefits reaped by allottees, has evoked extreme reactions from its critics.
A high-profile economist, for instance, dubbed the CAG findings as “outlandish” under a column headlined ‘Where donkeys fly’ published in The Indian Express. Similarly, Coal Minister Sriprakash Jaiswal rubbished CAG contentions, including its recommendations for auction of coal blocks as “baseless” and “illogical”.
Both these eminent persons apparently did not do their home work before targeting the CAG. They should eat their words after reading this write-up. The fact is that the CAG has barely scratched the surface of the coal blocks’ allocation scam! Its 110-page draft report made public by The Times of India does not mention certain crucial elements of the scam....