Sunday, September 30, 2012

"Coalgate" Scandal

Manoj Jayaswal gained a fortune in the coal mining industry but is now being investigated by India's Central Bureau of Investigation for allegations of fraud and misconduct. He engaged in questionable behavior with several bureaucrats and government officials, including Vijay Darda. I think his behavior could be seen as immoral and unethical because he used his connections with the government to obtain undeveloped coal fields. The government was responsible for allocating these lands to developers and businesses but the selection process was obviously subjective. 

Mr. Jayaswal continues to network with government officials and people of power to gain an unfair advantage over his competitors. The government is definitely acting unethically because officials were no doubt receiving payment for allocating those fields to their friends and associates. Mr Jawaswal was of course acting in his own best interests, and his company subsequently flourished. But the citizens of India have paid the price. While more than 300 million residents are without power, business affiliated with mining have either left their fields undeveloped or sold them off for an exorbitant amount of money when they acquired it for essentially nothing. 


I believe Mr. Jayaswal was acting amorally when he was decided to engage in this behavior. He probably simply disregarded any morals or values when making his business decisions and was solely focusing of the monetary benefit of the deals.  I also believe that corruption will persist in India, despite the efforts of the CBI. There will also be some businessman engaging in questionable tactics and gaining non-competitive advantages, just as there will always be someone in the government looking to make a deal and take a bribe. 


http://www.bbc.co.uk/news/world-asia-india-19472940

1 comment:

  1. You know that when your are capable of positively affecting 300 million people with your business; you are to do it in the most professional way possible. Mr. Jayaswal doesn't seem to think the same way. It is estimated that over 300 million Indian citizens are currently living without electricity and that his coal mining company is able to produce a large percentage of electricity. India depends on 57% of coal to generate its needed electrify, but the amoral behavior of bureaucrats and politicians in India have made it near impossible to influence positively in the lives of those who are in need of essential commodities. His greed for an empire of wealth seems to be more important to him than to help his country grow. Unless a few of those unethical politicians, businessman, and bureaucrats are severely punished as an example, I believe that such ideologies and practices will continue to circulate the business and political life of India.

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