India’s new Prime Minister Narendra Modi didn’t waste much time: Among his first acts on his first day in office was to make it a priority to recover billions of dollars stashed overseas to avoid taxes.
Ram Kishen, 52, half-blind and half- starved, holds in his gnarled hands the reason for his hunger: a tattered card entitling him to subsidized rations that now serves as a symbol of India’s biggest food heist.
India’s top investigating agency started a probe into the role of billionaire Anil Agarwal and some government officials in the sale of a stake in Hindustan Zinc Ltd., citing irregularities in the divestment process.
India’s Supreme Court rebuked federal investigators for allowing the government to vet the findings of a probe into alleged corruption in the award of coal blocks, setting off parliament protests and demands for the resignation of Prime Minister Manmohan Singh.
India’s Central Bureau of Investigation is probing what it calls a “criminal conspiracy” to sell inferior imported coal at inflated prices to NTPC Ltd., the nation’s largest power producer, defrauding the company of millions of dollars.