India: Corporate Watch
CHEATING THE NATION: DREDGING COMPANIES RESORTING TO CORRUPT PRACTICES
KOLKATA-HALDIA DOCK SYSTEM NEAR COLLAPSE
2009-10-16 10:13
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The nexus between the management of the country's major port trusts and dredging companies is not only robbing the nation of hundreds of crores of rupees annually, but also impeding the fast movement of ships and foreign trade. The obnoxious alliance between port trusts and dredger operators, especially in large government ports, is also costing shippers - both importers and exporters - and shipping companies a fortune.