Corruption is the scourge of the developing world, there is a significant drive in India to try to stamp out the practice but they have a long way to go. Organizers of the Indian Commonwealth games are embroiled in corruption scandals that have greatly embarrassed the country.
Apples and oranges. We're talking about corporate entrepreneurs and you're talking about games organisers who are/were on government payroll. Corporate scandals in India are almost unheard of. (Satyam fiasco is an exception though)
What about the rumors that Monsanto bought its way into a near-monopoly there, with the consequent small farmers committing suicide in droves as they lose everything?