Outlook
There were nearly a dozen examples cited to substantiate the charge of rigging that was made. Sample this: "Take the case of the provision of counter-guarantee for the Reliance group’s Rs 20,000-crore Hirma power project in Orissa. The finance ministry had objected to the guarantee as, in its view, it is an ‘Enron-like project.’ Ditto the department of economic affairs and the power ministry. Financial institutions have thrown up their hands indicating that the project is unviable in financial terms. But a Strategic Management Group (SMG) headed by Mishra cleared the counter-guarantee for the project on November 17 last year."
