Rs 2 Lakh Crore Scam hits Karnataka Wakf Board


Nov 7, 2010
Rs 2 lakh cr-scam hits Karnataka Wakf Board - Hindustan Times

The Karnataka State Minorities Commission has said in a report that 50% of the Wakf Board's property, assessed at Rs 4 lakh crore, has been misappropriated by politicians and board members in collusion with the real estate mafia. The report has been submitted to CM Sadananda Gowda.Rs 4 lakh crore translates into about 30% of the country's third-quarter GDP for 2011-12 and about 60% more than the annual sales of Reliance Industries Ltd, India's largest private sector company, in 2010-11.