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Wednesday 28 September 2011

DP World Ports Valarpadam/Cochin Terminal - a Big unitised scam??



By some indications, this is a scam of larger proportions than the Commonwealth Games fiasco. Take a huge unnecessary project, inflate the costs, get your cronies to cover the inflated expenses by bringing in a private player like DP World in this case, and when the project obviously fails, cry wolf, and then get out 

http://moneylife.in/article/dp-world-ports-vallarpadam-container-terminal-the-numbers-behind-point-towards-another-huge-scam/20131.html

If anything, a full & proper enquiry should be done on how this high-cost white elephant came into being in the first case. There is room for good Kerala cuisine in Tihar Jail, too.

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