Billions lost in India coal scandal, auditor finds

Mining
By The Associated Press on August 17, 2012

NEW DELHI (AP) — India's national auditor said Friday the government lost huge sums of money by selling coal fields to private companies without competitive bidding, adding to massive losses from dubious auctions of other state assets.

The report by the Comptroller and Auditor General sparked a new storm of criticism of a government that has been floundering under a crush of scams and corruption accusations and has been unable to push through critical economic reforms.

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