By P. Ramachander
The officials of Comptroller and Auditor General (CAG) deserve all the praise for their efforts to unearth massive scams. After the 2G spectrum scam, it is now the Indian Space Research Organization (ISRO) scam.
It is unfortunate that the ISRO, a premier organization that enjoys a global reputation, is now facing allegations of financial irregularities. Recently, the Russian President fired top space officials and reprimanded its space agency chief, because the Russian space agency failed to place the GLONASS satellites in orbit. Why cannot India do such a thing?
The more we get into dealing with a resource like spectrum, uglier and murkier things are coming up. To put it differently, spectrum appears to be a bottomless corruption pit. It is horrifying to note that preliminary estimates point to a loss of more than Rs.2,00,000 crore.
The revelations are another severe shock. How the ISRO, which is under the direct control of the Prime Minister, Dr. Manmohan Singh, could have entered into such a deal is mysterious. It is unfortunate that the government is sinking deeper into corruption day after day.
Though CAG and the Supreme Court are to be appreciated for pursuing the wrong-doers, the question that needs to be asked is what were the regulating agencies doing when such things were taking place under their nose? Unless the amount involved in such scams is recovered, the investigation process is a negative process.
Preliminary investigation shows an agreement between ISRO and Devas Multimedia Private Ltd., may prove to be a tip of the iceberg. With losses more than that of the 2G spectrum scam, we are just too shocked to react.