Economy, India, News, Politics

New corruption scandal deals blow to India’s image

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By Paul de Bendern and Jui Chakravorty

NEW DELHI/ MUMBAI (Reuters) – India’s reputation as a place to do business took another hit after the scandal-tainted government charged top public sector bankers with accepting bribes initially estimated at hundreds of millions of dollars.

The scandal is one of the biggest to taint India, potentially harming the image of Asia’s third-largest economy as destination for foreign investors, especially as it comes a few days after Prime Minister Manmohan Singh has had to defend his government in another graft scandal involving telecoms licences sold at rock-bottom prices. …

Read more : Reuters

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