Friday, July 29,
The 464-page report by Karnataka Lokayukta has exposed the state’s illegal mining scandal and the ways in which businessmen and politicians have exploited the mineral resource to enrich their wealth.
The report says that the scandal has made the state financially weaker and the loss in taxes and royalty is estimated at 16,085 crore.
And the surprising aspect of the report is the inclusion of the names of several corporate & bigger companies such as NMDC, Adani Enterprises & JSW Steel. The report accuses many of them of paying bribes, under-invoicing exports and dealing in fudged permits.
Realizing the futility of his desperate rearguard action to save his job, the Karnataka Chief Minister BS Yeddyurappa has resigned and others involved are also expected to soon follow.
Therefore, looking at the present scenario, one can say that the supply of iron ore in the state is likely to remain tight in the coming days until the entire matter of illegal mining is settled down.
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