14. Coalgate (2012):Coalgate is one of the biggest political scandals of India according to the draft report of CAG.
The allegation was that the govt did not invite competitive bids before allocating coal blocks to both private sector firms as well as public sector firms. The CAG estimated a loss of Rs. 1,067,303 crores to the government exchequer.
The CBI has named a dozen Indian firms in the FIR. The govt led by Coal minister Sriprakash Jaiswal has firmly denied any irregularity in the allocation of Coal blocks and has raised serious objections to the loss figure quoted by the CAG draft report.