Hard to digest ?
Just check the below given details
- 1992 -*Harshad Mehta securities scam Rs 5,000 cr (PV Narsimha Rao)
- 1994 -Sugar import scam Rs 650 cr
- 1995 -Preferential allotment scam Rs 5,000 cr
- Yugoslav Dinar scam Rs 400 crMeghalaya Forest scam Rs 300 cr
- 1996: -Fertiliser import scam Rs 1,300 कर +Urea scam Rs 133 cr
- 1997 -Sukh Ram (Congress Telecom Minister) Telecom Scam Rs 1,500 cr
- SNC Lavalin power project scam Rs 374 cr
- Bihar land scandal Rs 400 cr (Lalu Yadav)
- C.R. Bhansali stock scam Rs 1,200 cr
- 1998 -Teak plantation swindle Rs 8,000 cr
- 2001 -UTI scam Rs 4,800 cr
Ketan Parekh securities scam Rs 1,250 cr
- 2002 -Sanjay Agarwal Home Trade scam Rs 600 cr
- 2003 -Telgi stamp paper scam Rs 172 cr (NCP Leader Chagan Bhubal & Sharad Pawar)
- 2005 -*IPO-Demat scam Rs 146 cr
Scorpene submarine scam Rs 18,978 cr
- 2006 -*Punjab's City Centre project scam Rs 1,500 cr,
- Taj Corridor scam Rs 175 cr (Mayavati)
- 2008 -*Pune billionaire Hassan Ali Khan tax default Rs 50,000 cr
- The Satyam scam Rs 10,000 cr (Samuel Rajshekhar Reddy)
- Army ration pilferage scam Rs 5,000 cr
- The 2-G spectrum swindle Rs 60,000 cr ( D Raja, the UPA Minister)
- State Bank of Saurashtra scam Rs 95 cr
- 2009: -*The Jharkhand medical equipment scam Rs 130 cr (Congress Allies Madhu Koda)
- Rice export scam Rs 2,500 cr
- Orissa mine scam Rs 7,000 cr
- Madhu Koda mining scam Rs 4,000 cr"
- SC refuses to quash PIL against Mayawati in Taj corridor scam
- Orissa mine scam could be worth more than Rs 14k cr
- CORRUPTION, MONEY LAUNDERING SCAM, Koda discharged from hospital, arrest imminent
'A Cover-Up Operation':
"It's a scam involving close to Rs 60,000 crores"
Spectrum scam: How govt lost Rs 60,000 crore
India's biggest scams 1, Ramalinga Raju, Rs. 50.4 billion (Samuel Rajshekhar Reddy)
India's biggest scams 2, Harshad Mehta, Rs. 40 billion
India's biggest scams 3, Ketan Parekh, Rs. 10 billion
India's biggest scams 4, C R Bhansali, Rs. 12 billion
India's biggest scams 5, Cobbler scam
India's biggest scams 6, IPO Scam
India's biggest scams 7, Dinesh Dalmia, Rs. 5.95 billion
India's biggest scams 8, Abdul Karim Telgi, Rs. 1.71 billion
India's biggest scams 9, Virendra Rastogi, Rs. 430 million
India's biggest scams 10, The UTI Scam, Rs. 320 million
India's biggest scams 11, Uday Goyal, Rs. 2.1 billion
India's biggest scams 12, Sanjay Agarwal, Rs. 6 billion
India's biggest scams 13, Dinesh Singhania, Rs. 1.2 billion
- Jeep Purchase (1948) :*- Free India's corruption graph begins. V. K. Krishna Menon, then the Indian high commissioner to Britain, bypassed protocol to sign a deal worth Rs 80 lakh with a foreign firm for the purchase of army jeeps. The case was closed in 1955 and soon after Menon joined the Nehru cabinet.
- Cycle Imports (1951) :-* S.A. Venkataraman, then the secretary, ministry of commerce and industry, was jailed for accepting a bribe in lieu of granting a cycle import quota to a company.
- MUNDHRA SCANDAL (1957):-* It was the media that first hinted there might be a scam involving the sale of shares to LIC, Feroz Gandhi sources the confidential correspondence between the then Finance Minister T.T.
- Teja Loans (1960):-* Shipping magnate Jayant Dharma Teja took loans worth Rs 22 crore to establish the Jayanti Shipping Company. In 1960, the authorities discovered that he was actually siphoning off money to his own account, after which Teja fled the country.
- Kairon Scam (1963):- *Pratap Singh Kairon became the first Indian chief minister to be accused of abusing his power for his own benefit and that of his sons and relatives. He quit a year later.
- Patnaik's Own Goal (1965) :-* Orissa Chief Minister Biju Patnaik was forced to resign after it was discovered that he had favoured his privately-held company Kalinga Tubes in awarding a government contract.
- Maruti Scandal (1974) :-* Well before the company was set up, former Prime Minister Indira Gandhi's name came up in the first Maruti scandal, where her son Sanjay Gandhi was favoured with a license to make passenger cars.
- Solanki Exposé (1992) :- *At the World Economic Forum, Madhavsinh Solanki, then the external affairs minister, slipped a letter to his Swiss counterpart asking their government to stop the probe into the Bofors kickbacks. Solanki resigned when India Today broke the story.
- Kuo Oil Deal (1976):-* The Indian Oil Corporation signed an Rs 2.2-crore oil contract with a non-existent firm in Hong Kong and a kickback was given. The petroleum and chemicals minister was directed to make the purchase.
- Antulay Trust (1981) :-* With the exposure of this scandal concerning A.R. Antulay, then the chief minister of Maharashtra, The Indian Express was reborn. Antulay had garnered Rs 30 crore from businesses dependent on state resources like cement and kept the money in a private trust.
- HDW Commissions (1987) :-* HDW, the German submarine maker, was blacklisted after allegations that commissions worth Rs 20 crore had been paid. In 2005, the case was finally closed, in HDW's favour.
- Bofors Pay-Off (1987) :-* A Swedish firm was accused of paying Rs 64 crore to Indian bigwigs, including Rajiv Gandhi, then the prime minister, to secure the purchase of the Bofors gun.
- St Kitts Forgery (1989) :- *An attempt was made to sully V.P. Singh's Mr Clean image by forging documents to allege that he was a beneficiary of his son Ajeya Singh's account in the First Trust Corp. at St Kitts, with a deposit of $21 million.
- Airbus Scandal (1990) :-* Indian Airlines's (IA) signing of the Rs 2,000-crore deal with Airbus instead of Boeing caused a furore following thecrash of an A-320. New planes were grounded, causing IA a weekly loss of Rs 2.5 crore.
- Securities Scam (1992) :-* Harshad Mehta manipulated banks to siphon off money and invested the funds in the stock market, leading to a crash.
- Indian Bank Rip-off (1992) :- *Aided by M. Gopalakrishnan, then the chairman of the Indian Bank, borrowers-mostly small corporates and exporters from the south-were lent a total of over Rs 1,300 crore, which they never paid back.
- Sugar Import (1994) :- *As food minister, Kalpnath Rai presided over the import of sugar at a price higher than that of the market, causing a loss of Rs 650 crore to the exchequer. He resigned following the allegations.
- MS SHOES SCAM (1994) :- *Anyone who war old enough in 1994 to read will remember the advertisements- tens of them intriguingly headlined: 'Who is Pawan Sachdeva?' For the record, it was the peak of the public issued-led advertising boom and the ads were created by the Delhi branch of Rediffusion. Sachdeva, the promoter of MS Shoes, allegedly used company funds to buy shares (of his own company) and rig prices, prior to a public issue. He is alleged to have colluded with officials in the Securities Exchange Board of India (SEBI) and SBI Caps, which lead-managed the issue, to dupe the public into investing in his Rs. 699-crore public-***-rights issue. Sachdeva was later acquitted
- PLANTATION COMPANIES SCAM (1999) :-* It was as innovative a swindle as
have got their principals back, just another affirmation of the old saying about money not growing on trees.
- Match Fixing (2000) :-* Mohammed Azharuddin, (Now Congress MP) till then India's cricket captain, was accused of match-fixing. He and Ajay Sharma were banned from playing, while Ajay Jadeja and Manoj Prabhakar were suspended for five years.
- Stockmarket Scam (2001) :-The mayhem that wiped off over Rs 1,15,000 crore in the markets in March 2001 was masterminded by the Pentafour bull Ketan Parekh. He was arrested in December 2002 and banned from acccessing the capital market for 14 years.
- 36, Stamp Paper Scam (2003) (Minister of Congress-NCP in Maharashtra involved):- The sheer magnitude of the racket was shocking-it caused a loss of Rs 30,000 crore to the exchequer. Disclosures of the mastermind behind it, Abdul Karim Telgi, implicated top police officers and bureaucrats.
- 37, Oil-for-Food Scandal (2005) :- K. Natwar Singh (Congress Minister of Foreign Affairs) was unceremoniously dropped from the Cabinet when his name surfaced in the Volcker Report on the Iraq oil-for-food scam.
What India Could Do With Rs 73 Lakh Crore?*
- Build:* 2.4 crore primary healthcare centres. That’s at least 3 for every village, at a cost of Rs 30 lakh each.
- Build:* 24.1 lakh Kendriya Vidyalayas at a cost of Rs 3.02 crore each, with two sections from Class VI to XII.
- Construct:* 14.6 crore low-cost houses assuming a cost of Rs 5 lakh a unit. Set up: 2,703 coal-based power plants of 600 MW each. Each costs Rs 2,700 crore.
- Supply: *12 lakh CFL bulbs. That’s enough light for each of India’s 6 lakh villages
- Construct:* 14.6 lakh km of two-lane highways. That’s a road around India’s perimeter 97 times over.
- Clean up:* 50 major rivers for the next 121 years, at Rs 1,200 crore a river every year.
- Launch:* 90 NREGA-style schemes, each worth roughly Rs 81,111 crore.
- Announce: 121 more loan waiver schemes. All of them worth Rs 60,000 crore.
- Give: *Rs 56,000 to every Indian. Even better, give Rs 1.82 lakh to 40 crore Indians living BPL.
- Hand out:* 60.8 crore Tata Nanos to 60.8 crore people. Or four times as many laptops.
- Grow the GDP:* The scam money is 27% more than our GDP of Rs 53 lakh crore."