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India Stock Prices Fall on Scandal Over Wireless Licenses

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India's Supreme Court criticizes Prime Minister Manmohan Singh for failing to respond for more than a year to a request to investigate allegations about improper awarding of telecom licenses. Telecom licenses were sold by the government in 2008 to politically connected companies, at rates far below the market rates. The Auditor General's report showed that licenses were awarded in a way that "lacked transparency and fairness."

The failure of the Congress government in India in the proper allocation of telecom licenses in 2008.

11/19/2010

The loss to the Indian government of $39 billion in the improper allocation of telecom licenses. The lack of transparency from Prime Minister Manmohan Singh.

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India Stock Prices Fall on Scandal Over Wireless Licenses

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Singh Asks India Business to Improve Ethics

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