Andhra’s mother of all scams: Why Jalayagnam = Coalgate

First, there is the similarity in numbers. The Comptroller and Auditor General (CAG) put the value of the Coalgate losses at Rs 1.86 lakh crore. This figure is also the latest estimate of the Jalayagnam project’s bloated costs. It started with Rs 1.1 lakh crore and is now at Rs 1.86 lakh crore, and could go even further as projects get unduly delayed. The second coincidence is that CAG’s Jalayagnam report was one of the last papers signed by Vinod Rai signed before he retired as the Comptroller and Auditor General...

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