markets are down against the u.s. dollar but some gains for the pound and the yen. the yen at 84. welcome back from cnn hong kong and cnn london. this is "world business today." india's government has issued a dozen charges in the massive telecom scandal that cost the country $31 billion in revenue in 2008. india's former minister is one of the people accused of taking part in a plot to sell mobile phone licences below value at the peak of india's telecom boom. another includes a firm owned by an indian tycoon and everyone charged in this investigation has denied any wrongdoing. well, the telecom charges are part of the series of recent crack downs in india.