The Biggest corporate group of india  Reliance Industries Limited (RIL) is the biggest example of Crony Capitalism. The Group with  Equity of USD 40 Billion and Assets worth USD 85.90 Billion has been in public eyes for all the negative reasons since its first brick was laid. Dhiru Bhai Ambani , founder of the Reliance Empire himself started the crony capitalism in Reliance. Dhirubhai and his relations where exposed by media houses about illegal imports and botched attempt to acquire Larsen&Turbo.

http://www.countercurrents.org/varman050313.htm

RIL got the contract to extract natural gas for the Indian govt in early 2000. The cost of extraction was found out to be less than USD1/unit . RIL signed a contract with NTPC (Northwest Territories Power Corporation) for 17 years at a price of USD 2.3/unit. RIL used it political links and connections to hike up the selling price of the gas to  USD 4 /unit. RIL didn’t stop at that. 

In the year 2013-14 , RIL manipulated the extraction of gas to create an artificial shortage to blackmail the govt. RIL produced only 18% that year of the 80 Million units contract. This shortage led to import of natural gas and inflation in the always inflated indian economy.

In March 2014, RIL again used its political connections and passed a regulation to double the price of its gas to USD 8/unit. This amendment would have resulted in profit worth Rs 54000Crore ( USD 9 Billion ) per annum to RIL. RIL was opposed by a new political party AAM AADMI PARTY (AAP). RIL responded by saying that the prices where set according to international markets. This move was opposed by the political parties and media. RIL had to revert its amendment to USD 4/unit. 

NIKO Resources Ltd , Partner of RIL to extract natural gas , still continues to sell gas to Bangladesh at USD 2.34/unit. According to CAG (Comptroller and Auditor General of India)

RIL has received windfall gain of Rs 1.25Lakh Crore ( USD 20.6 Billion ) from the govt of India for its projects. 

RIL remains to be the biggest and one of the most corrupt business entities of INDIA

Reference – https://www.youtube.com/watch?v=NRWUmXDjO8U