A widening corruption scandal that has touched India’s prime minister sent the country’s stock markets down sharply on Friday and threatened to tarnish the country’s image as a rising economic power. Setting off the turmoil was a report from the country’s auditor earlier this week that about $40 billion in wireless spectrum license fees had been squandered by the government’s telecommunications and information technology minister. On Thursday, India’s Supreme Court criticized...

Whatever the justification given by journalists whose names have come up in the `Radiagate' expose, there is no question that it has forced much-needed introspection. For years, the cosiness between prominent media persons and both politicians and the corporate world had become blatant. But rarely to the point where it was flaunted as it is today. In many ways, the 24-hour-news format and television have made this evident with anchors...

This is a real story. In the early 1980s, a senior editor of a national newspaper met a state Congress leader and made a report out of that frank conversation, which made sensational disclosures about the dictatorial way Indira Gandhi was running the Congress at that time. The Congress leader, however, had argued that the entire conversation was off-the-record and, therefore, not meant for publication. The newspaper was in agreement...

NIIRA RADIA, the lobbyist at the heart of India’s audacious multi-billion telecom swindle, inaugurated a Krishna temple she funded in south Delhi on her birthday — that, interestingly, coincides with Indira Gandhi’s. Those present on the occasion said Radia prayed for long, presumably seeking divine intervention to wriggle out of the country’s biggest scandal. Before the temple visit, notices from the country’s Enforcement Directorate (ED), Income Tax (IT) Department and the...

    * Moved to London from Kenya in the 1970s. Schooled at Haberdashers’ Aske’s. Bachelor’s at University of Warwick.     * Has three siblings. Father in aviation. Three sons from failed marriage with UK businessman Janak Radia.     * India entry in 1995. Sahara liaison officer. India rep of Singapore Airlines, KLM, UK Air.     * Floats Crown Air as MD in 2000, with sister Karuna Menon as partner. Secures FIPB clearance to...