Wednesday, 23 May 2012

India’s latest $29bn corruption scandal | beyondbrics

The ill-fated 2010 Commonwealth Games were meant to be the country’s international coming-out party – à la Beijing’s 2008 Olympics – but are best remembered for $80 rolls of toilet paper, ineptitude and allegations of widespread graft.

So it is perhaps unsurprising that one of that boondoggle’s biggest projects has now come under the scanner, with the Comptroller & Auditor General of India alleging a $29bn corruption scam surrounding the modernisation of the Delhi Airport.

The Hindustan Times first reported about the auditor’s investigation, which is set to be tabled in parliament, on Wednesday, and a senior official familiar with the report confirmed the details to beyondbrics. In the report, the CAG alleges that the government leased land worth $29.2bn to its private sector partner, Delhi International Airport Ltd (DIAL), for $324m for 60 years.

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