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    The document summarizes India's coal allocation scam from 2004-2009. It describes how the Comptroller and Auditor General of India alleges the coal ministry misallocated coal blocks without transparency or competition. This resulted in "windfall gains" of $30 billion for private companies according to early estimates. The final report reduced this to $3 billion but found 38 blocks were improperly allocated. Many politicians and companies are now under investigation for corruption in influencing the allocations. The government disputes the CAG's figures but delays in competitive bidding and auctions are noted.

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    The document summarizes India's coal allocation scam from 2004-2009. It describes how the Comptroller and Auditor General of India alleges the coal ministry misallocated coal blocks without transparency or competition. This resulted in "windfall gains" of $30 billion for private companies according to early estimates. The final report reduced this to $3 billion but found 38 blocks were improperly allocated. Many politicians and companies are now under investigation for corruption in influencing the allocations. The government disputes the CAG's figures but delays in competitive bidding and auctions are noted.

    Copyright:

    © All Rights Reserved
    Download as PPTX, PDF, TXT or read online from Scribd
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    Download as pptx, pdf, or txt
    642 views10 pages

    Coalgate

    Uploaded by

    kolpayal
    The document summarizes India's coal allocation scam from 2004-2009. It describes how the Comptroller and Auditor General of India alleges the coal ministry misallocated coal blocks without transparency or competition. This resulted in "windfall gains" of $30 billion for private companies according to early estimates. The final report reduced this to $3 billion but found 38 blocks were improperly allocated. Many politicians and companies are now under investigation for corruption in influencing the allocations. The government disputes the CAG's figures but delays in competitive bidding and auctions are noted.

    Copyright:

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    of 10

    THE SCAM

    WHAT IT IS!

    CAG REPORT

    CORRUPTION

    ALLEGATIONS
    CAG REPORT VS
    GOVT RESPONSE

    THE PEOPLE
    RESPONSIBLE

    What is the coal scam?


    A question many of you would have.

    WHAT IT IS!!
    Coal allocation 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.

    WHO IS RESPONSIBLE?
    The Comptroller and Auditor General of India puts the Coal
    Ministry and the government, particularly the PMOs office
    during the period 2004-2009 as responsible for the
    misallocation of coal blocks. The coal ministry at the time was
    headed by the Former Prime Minister Dr. Manmohan Singh,
    whose clean image has now come under question.

    Draft CAG report

    It accuses the
    Government had
    Government of
    authority to
    India for allocating allocate coal in
    competitive
    coal blocks in an
    bidding
    inefficient manner

    CAG estimated
    that the
    "windfall gain"
    to the
    allocatees
    was RS10673
    billion

    THE CAG FINAL REPORT


    FIRST
    CAG
    CHARGE
    In the period between July 2006
    and the end of 2009, 38 coal blocks
    were allocated under the existing
    process of allocation, "which
    lacked transparency, objectivity,
    and competition..

    SECOND
    CAG
    CHARGE
    The biggest change from the
    Draft Report was the dramatic
    reduction in the windfall gains
    from 10.673 trillion to
    1.86 trillion.

    CAG Final Report tabled in Parliament


    put the figure at Rs 1.86 trillion

    Influenced by Corruption?
    BJP lodged a
    complain
    The Central Vigilance
    Commission (CVC)
    directed the CBI to
    investigate the matter.

    The CBI named dozen


    of firms in a FIR.

    ALLEGATIONS
    Against S
    Jagathrakshakan

    Rajendra Darda
    Vijay
    Darda

    Subodh Kant
    Sahai
    Premchand
    Gupta

    CAG REPORTS VS.


    GOVERNMENT RESPONSE
    CAGS REPORT

    THE LOSS

    THE
    DELAY
    THE
    AUCTION

    GOVT. RESPONSE

    Pvt. firm gain Rs. 1.86 lakh


    crore after blocks given by
    nomination.

    CAGs figure misleading. Of the 57


    blocks cited, only one operational.

    Despite repeated advice from


    Law ministry, competitive
    bidding delayed.

    Ministry took time to clarify for


    bidding, MMDR Act needed changes.

    After being advised to


    proceed with auctioning,
    Coal Ministry wasted time.

    Oppositions from stated like


    Chhattisgarh, Rajasthan and Bengal
    caused delay.

    CONCLUSION

    ENVIRONMENTAL
    DEGRADATION

    The corruption level is beyond


    ones wildest imagination

    Power theft costs

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