Thursday, 28 Jul 2011 | By ET
A judge investigating corrupt mining practices in a Karnataka said that illegal extraction had cost the government INR 161 billion (USD 3.6 billion).
The judge accused local politicians in Karnataka, including the state's chief minister Mr BS Yeddyurappa, of causing the losses from 2006 to 2010 via the illicit mining of iron ore, much of which is thought to have been shipped to China.
The judge in state capital Bangalore said that "An amount of INR 16,085 crore has been lost to the exchequer between 2006 and 2010 due to the illegalities and irregularities linked to the grant of licenses and the export of iron ore. In the illegal mining and irregularities committed in the export of iron ore, we have found the involvement of some 100 mining companies, about 600 officials, powerful politicians including the chief minister."
Media reports have suggested that the ombudsman's explosive findings could trigger a collapse of the Karnataka government, which is led by the main national opposition Bharatiya Janata Party .
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A judge investigating corrupt mining practices in a Karnataka said that illegal extraction had cost the government INR 161 billion (USD 3.6 billion).
The judge accused local politicians in Karnataka, including the state's chief minister Mr BS Yeddyurappa, of causing the losses from 2006 to 2010 via the illicit mining of iron ore, much of which is thought to have been shipped to China.
The judge in state capital Bangalore said that "An amount of INR 16,085 crore has been lost to the exchequer between 2006 and 2010 due to the illegalities and irregularities linked to the grant of licenses and the export of iron ore. In the illegal mining and irregularities committed in the export of iron ore, we have found the involvement of some 100 mining companies, about 600 officials, powerful politicians including the chief minister."
Media reports have suggested that the ombudsman's explosive findings could trigger a collapse of the Karnataka government, which is led by the main national opposition Bharatiya Janata Party .
(
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