dem in corruption in coal deal
Posted in the London Forum
#1 Sep 18, 2012
Tainted coal deal; partner in India suspected of corruption
Brace yourself for a shock.
Remember last month when state Rep. Keith Hall of Phelps in Pike County helped arrange a deal to sell $7 billion of Appalachian coal to a company in India? Gov. Steve Beshear proudly announced the deal at a Capitol press conference.
Well, it turns out — and you're not going to believe this — the Indian company is at the heart of a huge corruption scandal.
"Coalgate" is what it's being called on the subcontinent. The New York Times' report about the Abhijeet Group and its flamboyant head Manoj Jayaswal was headlined "Scandal bares corruption hampering India's growth."
Jayaswal, who's famous for cultivating cozy ties with politicians, was one of the beneficiaries of murky government deals that allowed him and a lucky few to obtain vast government-owned coal tracts worth many billions of dollars without competitive bidding.
The Indian version of the FBI is investigating whether Jayaswal misled the government and conspired with a member of Parliament to obtain the valuable coal.
The Times reporters said the scandal is exposing "a brazen style of crony capitalism that has enabled politicians and their friends to reap huge profits" at the public's expense. That's much like — and what an uncanny coincidence — Eastern Kentucky.
For example, Hall, who has multiple business interests and calls himself "coal's best friend," paid a $2,000 ethics fine last year after his electrical company received $171,000 in no-bid contracts from the water and sewer utility in Pike County.
The utility is managed by a politically connected private company. The work was broken into multiple contracts to avoid the requirement for competitive bids. As a legislator, Hall had voted in favor of funding for the project on which his company received the no-bid contracts. As a coal operator, he's also used his position in the legislature to push for a rollback in mine-safety laws that would benefit him.
Hall serves on the board of advisors to the New Jersey-based company, FJS Energy, that is the intermediary in the Kentucky coal-to-India deal.
A spokesman for Abhijeet recently told the Hindustan Times in India that the Kentucky coal deal is not at risk.
Meanwhile, let's all hum a round of "it's a small world, after all."
#2 Sep 18, 2012
chuckle...well have you ever wondered how a democrat gets elected in a conservative state like Ky. It's a conservative dem. which is the same as a conservative republican.
#3 Sep 18, 2012
So i guess the way you think you have to be a nazi
#4 Sep 18, 2012
No, but conservatives are, whether they are conservatives on the right or conservatives on the left. Those are Nazis. They are only for themselves and their pockets.
#5 Sep 19, 2012
Lib fos coup your so full of chit on here.
#6 Sep 19, 2012
Republicans are evil. Democrats that do evil acts are really Republicans.
Can't argue with ignorance.
#7 Sep 19, 2012
Today the majority who called themselves republicans are not republicans. They are Fascists. The republican party exists in name only. Democrats who cling to conservative principles are also Fascists. Not all of the conservatives who were in the democrat party migrated to the republican side. Therefore, we have individuals within our party who are no different in their beliefs and actions than the conservatives that overthrew the GOP. But then I have explained this before, but you ignored it.
#8 Sep 19, 2012
Why would anyone believe anything a FOS nazi like you have to say? only Lib can be fascists. You must that day in school.
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