Financial Scams in India: #8 Coal Scam
Saturday, April 29, 2017, 4:53 PM
Coal allocation scam also know as Coalgate scam is a political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private companies. There was wrongful allocation of coal deposits among government employees without competitive bidding. The Comptroller and Auditor General of India, raised the issue of inadequacies in the allocation of coal blocks from 2004 onwards.