With wide ramification for the policy of liberalisation being followed by the government, the Supreme Court has ruled that if government sells country�s assets to private persons or players at a price lesser than their market value, such action amounts to cheating the country.
A bench, comprising Justices Lokeshwar Singh Panta (since retd) and B Sudarshan Reddy, who set aside the judgment of the Allahabad High Court in Land Allotment dispute noted "it is well said a struggle to get for the state the full value of its resources is particularly pronounced in the sale of state owned natural assets to the private sector.Whenever the government or the authorities get less than the full value of the asset, the country is being cheated; their is simple transfer of wealth from the citizens as a whole to whoever gets the assets at a discount.
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