A bribery scandal involving mobile phone licenses in India, brings the government into trouble. A minister is already sitting in jail, now Prime Minister Singh had to agree to an investigation committee. The felt scared off foreign investors now.
New Delhi - It's about well-connected billionaires, and huge sums of bribes: a huge corruption scandal rocked India and brings the country's government increasingly under pressure. Prime Minister Manmohan Singh had to give in to the penetration of the months-long opposition to a parliamentary committee of inquiry.
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The committee will work through the affair surrounding the awarding of cellular licenses. India went according to the Court on the disputed licensing up to $ 39 billion by the lobe.
The newspaper "The Hindu" said the biggest fraud in the history of India after independence. Spicy: Both government officials and very rich businessman allegedly involved in the case. The police already identified the former telecommunications minister. At the center of the scandal is the billionaire Anil Ambani, owner of the second-largest mobile phone company in the country, Reliance Communications.
The affair also casts a spotlight on the widespread corruption in India. The third largest economic power in Asia is dominated by several millionaires have, the accumulated wealth and power almost to the extent of Russian oligarchs. The current scandal exposes the close ties between business and politics in the country. Not infrequently, members give their business card on the back of their corporate address.
More and more citizens are suspicious of the entanglements, the judiciary checked by accurate, and critical media reports. Such was the interrogation of the billionaire Ambani at the Federal Police a big topic in the news. "The interrogation Ambanis would have been five or ten years, an impossibility," said the corruption expert of "The Hindu", Siddharth Varadarajan. A few years ago people would have admired business leaders in the country almost as heroes. "Now they combine economy with corruption like never before," he said.
Felt and bribery scandals are also for India becoming an economic problem. Because foreign investors are becoming concerned about the swamp and go back to the Indian market. The Indian stock market has been this year after about eleven percent, foreign direct investment shrank by as much as 27 percent.
New Delhi - It's about well-connected billionaires, and huge sums of bribes: a huge corruption scandal rocked India and brings the country's government increasingly under pressure. Prime Minister Manmohan Singh had to give in to the penetration of the months-long opposition to a parliamentary committee of inquiry.
Bank, Money or Currency Changer | Transfer in INDIA
State Bank of India, New Delhi
State Bank of India, Hyderabad
State Bank of India, Mumbai
The committee will work through the affair surrounding the awarding of cellular licenses. India went according to the Court on the disputed licensing up to $ 39 billion by the lobe.
The newspaper "The Hindu" said the biggest fraud in the history of India after independence. Spicy: Both government officials and very rich businessman allegedly involved in the case. The police already identified the former telecommunications minister. At the center of the scandal is the billionaire Anil Ambani, owner of the second-largest mobile phone company in the country, Reliance Communications.
The affair also casts a spotlight on the widespread corruption in India. The third largest economic power in Asia is dominated by several millionaires have, the accumulated wealth and power almost to the extent of Russian oligarchs. The current scandal exposes the close ties between business and politics in the country. Not infrequently, members give their business card on the back of their corporate address.
More and more citizens are suspicious of the entanglements, the judiciary checked by accurate, and critical media reports. Such was the interrogation of the billionaire Ambani at the Federal Police a big topic in the news. "The interrogation Ambanis would have been five or ten years, an impossibility," said the corruption expert of "The Hindu", Siddharth Varadarajan. A few years ago people would have admired business leaders in the country almost as heroes. "Now they combine economy with corruption like never before," he said.
Felt and bribery scandals are also for India becoming an economic problem. Because foreign investors are becoming concerned about the swamp and go back to the Indian market. The Indian stock market has been this year after about eleven percent, foreign direct investment shrank by as much as 27 percent.
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