Business Standard
Tuesday, May 29, 2012
Sponsored by  
drived banner
drived banner
  Advanced Search
RSS
Content Guide
Follow us on  
||||Economy & Policy||||| 
 Section Home | News Now | Today's Paper | Features & Analysis | Politics & Public Affairs | Q&A | Columnists | BS Says
Home > Economy & Policy Live Markets | Commodities
 

'Mining scam in state may top Rs 60,000 crore'
Press Trust Of India / Chennai/ Bangalore Jul 07, 2010, 00:20 IST

The iron ore mining and export scam in Karnataka is estimated to be to the tune of Rs 60,000 crore, the opposition Congress claimed today as it pushed for a CBI probe and sought resignation of Chief Minister B S Yeddyurappa.

“This is the biggest scam of this century,” Opposition leader Siddaramaiah alleged while participating in a debate on resignation of Lokayukta N Santosh Hegde and illegal mining in the state. Hegde, however, withdrew his resignation on Saturday.

Referring to the disappearance of five lakh tonnes of iron ore seized at Belekeri port, he said records at this port as well as the one in Karwar suggested around 35 lakh tonnes of illegal mining and exports between November and February. If one took into account the extent of iron ore extracted in Karnataka and exported from other ports such as Mangalore and Vishakhapatnam, nobody can even imagine (the extent) of the illegal export, the Congress leader alleged.

“If we do the calculation, it (illegal iron ore mining and exports) could be Rs 50,000 crore to Rs 60,000 crore. Iron ore to the extent of Rs 50,000 crore to Rs 60,000 crore has been looted,” Siddaramaiah said. Those engaged in illegal mining and exports had colluded with officials, he alleged, pointing out to several checkposts of the departments of forests, mines and geology and transport failing to check illegal transportation while being taken to ports by road.

Siddaramaiah said though the Lok Ayukta submitted its report on rampant irregularities in the mining sector more than one and half years ago, the government chose not to act against it. He said since illegal mining and export involved inter-state operations as well as overseas shipments, it should be probed by CBI.

Siddaramaiah said Yeddyurappa, who also holds the portfolios of forest as well as mines and geology, has no moral right to continue in office and should resign. The discussion raised a lot of heat and sparks flew, with Speaker K G Bopaiah expunging certain remarks from both sides.

As Siddaramaiah repeatedly insisted on a CBI probe, Law and Parliamentary Affairs Minister S Suresh Kumar sought to belittle CBI, dubbing it “Congress Bureau of Investigation.” Earlier, intervening, Yeddyurappa said he would convene a meeting with leaders of opposition in the legislative assembly and council to discuss ways to strengthen the institution of Lok Ayukta and giving more powers to the statutory body.

New Ipad Application :Business Standard's all new IPad App
Click here to download for free
Arrow Other Stories     
- Markets end on a strong note
- Nabard FY14 operating surplus soars 28% to Rs 1,635 cr
- RBI eases banks' term deposit restrictions
- NMDC Q4 net down 21.74% to Rs 1,642.28 cr
- Balrampur Chini Q4 profit up by 15%
  Read Business news in 
- Journey on, We are by Your Side. Click here to know more
- Help a Child Achieve her. Click to know more
- Benefits Upto Rs. 2.36 Lakhs on the Fully Loaded TJet Petrol.
- The Best Seller is Also the No. 1 in Mileage. Click here
- Watch The Film Here. Click here to know more..
- Leader in Passenger Car & Automobile Tyres. Click here
- 1 billion in saving for Unilever without any tangles.
- Learn How One City is Running on FOOD SCRAPS.
- One Partnership Endless Possibilities. Click here to know more
- Helping doctors detect diseases earlier, saving costs & extending lives.
- 36 Lakhs can get you a pool of Luxuries. Click here
- Which is the best plan for your daughter
- Check out the TRUE COLOURS of your Stocks, Now for FREE!
- One of the leading business schools in the world.Know More
Sorry, comments to this story are closed
Latest Messages
Table for Two
  Now available at Special price
  Rs.280/- Only

  Buy Now
BS POLL
UPA 2 has completed three years. How do you rate its performance?  Read the story
  Good
  Average
  Bad
Submit
Most Popular
Read
E-Mailed
Commented
   
- IPL victory puts KKR in the black
- From virtual world, hacktivism spills into real world
- Re fall has minor impact on India?s rating, says Moody?s
- No diesel price hike for now, says Reddy
- Air India board refers Boeing compensation issue to govt
 
 More  
New Ipad Application
 Business Standard's all new IPad  App
 Click here to download for free
  Hot Searches  
 
Apalya |  Air India |  GAAR |  Agni  |  Solar eclipse |  Satyamev Jayate |  SRK |  Aamir Khan |  IPL |  Ertiga |  Sarfaesi Act |  Vodafone |  JP Morgan |  Transfer pricing |  Rupee |  Kingfisher Airlines |  Silver |  Provident Fund |  income tax refund |  iPhone |  Reliance Industries |  SEBI |  BSNL |  BSE |  NSE |  Mukesh Ambani |  Anil Ambani |  Infosys |  Pranab Mukherjee |  Sonia Gandhi |  Rahul Gandhi |  New Pension Scheme |  Reliance |  RBI |  GDP |  Gold |  Ratan Tata |  ICICI |  B-School |  Sensex |  Tax calculator |  Home Loan |  Personal Finance |  inflation |  oil prices |  Barack Obama |   
 
  Member Area Write to the Editor RSS Archives Advanced Search
  Subscribe to BS print product BS e-paper Newsletter Portfolio Tracker
  BS Products BS Hindi BS Motoring BS Books
Home | Markets & Investing | Companies & Industry | Banking & Finance | Economy & Policy | Opinion
Life & Leisure | Management & Marketing | Tech World | General News
About Us | Partner With Us | Code of Conduct | Careers | Advertise with us| Terms & Conditions | Disclaimer | Contact Us