Thursday, November 18, 2010

Reliance: Anil Ambani group got undue benefits: CAG report

Nothing new about Reliance - I just wonder when big money and financial gobbledygook (err policy) is involved anything is possible/things just go haywire - remember sub-prime crisis? Mr Anil looks so thoughtful in this pic! Where's the money - honey? CORPORATE INDIA under the scanner now!! Still utilizing pre-liberalization core competencies and institutional voids?

The report of the Comptroller and Auditor-General of India on the 2G spectrum allocation indicates that it was the Anil Dhirubhai Ambani Group (ADAG) that benefited the most from the arbitrary and unfair manner in which licences were given in 2008.

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