AP scraps controversial mining project.

The controversial, eight-year saga of the multi-million dollar mining project - involving top Indian politicians, a Ukranian billionaire and his business conglomerate and Indian origin US residents - which kicked up a global bribery scam and a political storm in India in April-May, has finally come to an end.

The Andhra Pradesh Government has decided to scrap an agreement signed in 2006 with Bothli Trade AG, a Swiss company. Part of the conglomerate, DF Group, based out of British Virgin Islands, Bothli was to tap the rich heavy-mineral sands deposits in Srikakulam, Vizianagaram and Visakhapatnam districts. It was to invest big money in setting up production facilities.


HBL