Telecom scandal erupts in India: corruption and ‘crony capitalism’ appear to have cost the Indian government as much as US$40 billion in lost cell phone spectrum rightsby Jim Yardley and Heather Timmons
NEW DELHI — Tycoons with friends in high places. Public tenders conducted by irregular rules. Tens of billions of dollars in potential losses for the national treasury. Allegations of government ministers on the take, and of a respected prime minister too aloof to notice.