CAG reveals Rs 17000 crore scam in Railways

In yet another massive scandal revelation, a CAG audit has found that the state exchequer lost Rs.17,000-crore between May-2008 and March-2012 due to misuse of railway's dual-pricing policy for iron-ore transportation by the exporters. CAG found several ways by which the fraud was being perpetuated. The audit was done in three-zones where iron-ore loading is maximum - Southeastern, Southwestern, and East-Coast.