India's Congress wins court reprieve over telecoms scandal
February 05, 2012
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India's beleaguered government won some rare relief on Saturday when a court threw out a corruption case against one its top ministers ahead of crucial state elections next week.
The court dismissed a petition accusing Home Minister Palaniappan Chidambaram of signing off on the sale of telecoms licenses at below-market prices that may have cost the government up to $36 billion in lost revenues.
The latest ruling can still be challenged in a higher court.The accusations against Chidambaram relate to his position as finance minister in 2008 at the time of the corruption-tainted telecoms bidding.
It is the biggest of several scandals to have emerged during Singh's second term, denting India's image as an investment destination and heightening concerns over policy when Asia's third largest economy is slowing.
Copyright Reuters, 2012
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