Iron ore exporters cheat Railways of 50,000 crore

NEW DELHI: Total recoveries for the railways from the organized fraud perpetuated by numerous iron ore exporters by showing exports as domestic consumption could be as high as Rs.50,000 crore, according to documents, sources and an ongoing multi-agency investigation. In 2012-13, estimated losses for the railways are pegged Rs.24,600 crore.

Facebooktwittergoogle_plusredditpinterestlinkedinmail