THE COAL SCAMTHE SCAMWHAT IT IS!ESTIMATETHE PROCESSTHE PEOPLE RESPONSIBLECOAL-GATEReport authenticated by Comptroller and Auditor General of India1.87 lakh Crore RupeesBiggest scam in India by noWhat is the coal scam? A question many of you would have.Simplyputitisacorruptionscandalwhere-intheComptroller andAuditorGeneralofIndia(CAGofficehasaccusedthe GovernmentofIndiaforprovidin!thenation"scoaldepositsto private and state-run entities in an irre!ular and ar#itrary manner insteadofpu#licly auctionin! themoff to thehi!hest#idder(as isusuallydoneforsuchentities$resultin!inalossof appro%imately&'($)))crore(*S+,,.(-#illiontothee%chequer durin! the period .))/-.))0. 1o ! e t a n i d e a o f i t ss c a l e l e t 2 s s e e w h a t1hi swhat money c o u l d h a v e # o u ! h t3!!" milliontonnes of Rice7" cities In India can ha#e $etro %ystemsas big as the &elhi $etro! billion'early doses of (I) drugs*1 years+f basic access to drinking ater for e#eryone in the orld ho is currently ithout it11 mannedtrips to the moon,he CAG took into account a#erage production cost per tonne of coal of all grades produced in open cast mines of CI- as ell as sale price as reference #alue in order to calculate the financial gain to allotted groups.,he CAG took into account a#erage production cost per tonne of coal of all grades produced in open cast mines of CI- as ell as sale price as reference #alue in order to calculate the financial gain to allotted groups.,his delay meant that coal as allocated under the e.isting/ opa0ue process gi#ing pri#ate companies huge monetary gains.,his delay meant that coal as allocated under the e.isting/ opa0ue process gi#ing pri#ate companies huge monetary gains.Coal secretary had arned ay back in *11" about indfall gains to pri#ate companies under e.isting scheme of allotment but 2$+ continued to delay process of competiti#e bidding.Coal secretary had arned ay back in *11" about indfall gains to pri#ate companies under e.isting scheme of allotment but 2$+ continued to delay process of competiti#e bidding.2RI)A,3 %3C,+R Gains 4Rs. Cr5BIGG3%, 67I8&9A--: A--+CA,I+82%; Gains 4Rs. Cr5%trategic 3nergy ,ech %ystem -td.3lectro %teel Castings and +thers