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Summary of all scams in India since 1947

From : Paresh Ratan Kundu at 09:31 PM - Jul 15, 2011 ( )
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Summary of all scams in India since 1947

Here is a summary of all scams since independence. These may not be the only ones. These are the ones that were caught and brought to the notice of the public. In total, this is coming upto Rs. 910,603,234,300,000, which is equal to USD 20.23 trillion. With this huge amount, India will become a super-power overnight and can permanently kill all social problems mainly poverty and unemployment.

Take a detailed look at the list. Great work by the person who compiled it.

Forward this to all Indians!! Others also have a right to know where their money is going.

From: Paresh Ratan Kundu at 01:30 PM - Jun 23, 2012( )

World's Largest Republic of Scams - India Scams over the Years...

Bhrashtachar in year 1948

  1. Jeep scandal case Scandal worth : 80 lakh The jeep scandal in 1948 was first major corruption case in independent India.V.K. Krishna Menon, the then Indian high commissioner toBritain, ignored protocols and signed a Rs 80 lakh contract for the purchase of army jeeps with a foreign firm.

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Bhrashtachar in year 1951

1. Cycle import scam

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.

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Bhrashtachar in year 1956

1. BHU funds misappropriation Scandal worth : 50 lakh

In one of the first instances of corruption in educational institutions,BenarasHinduUniversityofficials were accused of misappropriation of funds worth Rs 50 lakh.

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Bhrashtachar in year 1958

1. The Mundhra Scandal Scandal worth : 1.2 crore

The irregularity was highlighted in 1958 by Indian National Congress party, who represented the Parliament of India. Indira Gandhi.1.2 crore

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Bhrashtachar in year 1960

1. Teja loan scandal Scandal worth : 22 crore

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.

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From: Paresh Ratan Kundu at 01:31 PM - Jun 23, 2012( )

Bhrashtachar in year 1964

1. The Kairon Case

The Dass Commission indictedPunjabchief minister Pra-tap Singh Kairon for allowing family members to amass wealth. Kairon quit office.

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Bhrashtachar in year 1965

1. Kaling tubes scandal

Orissa chief minister Biju Patnaik had to quit as CM following allegations that he had favoured Kalinga Tubes, a company owned by him, in awarding a government contract

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Bhrashtachar in year 1971

1. Nagarwala scandal Scandal worth : 60 lakh

On May 24, 1971, INR 60 lakh was withdrawn from the State Bank of India, Parliament Street branch, and given to a "Bangladesh ka babu" (Hindi for "man from Bangladesh") after the chief cashier, Ved Prakash Malhotra, got a call purportedly from Indira Gandhi then Prime Minister of India asking him to do so.

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Bhrashtachar in year 1974

1. Maruti scandal

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 licence to make passenger cars.

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Bhrashtachar in year 1976

1. Kuo oil scandal Scandal worth : 2.2 crore

During the Emergency, the government-owned Indian Oil Corporation entered a 2.2-cr contract for oil with a company inHong Kongthat turned out to be fictitious, for a kickback

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Bhrashtachar in year 1981

1. Antulay Trust Scandal worth : 30 crore

With the exposure of this scandal concerning A.R. Antulay, then the chief minister ofMaharashtra, 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.

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From: Paresh Ratan Kundu at 01:32 PM - Jun 23, 2012( )

Bhrashtachar in year 1987

1. Bofors Scandal Scandal worth : 64 cr

The Swedish armaments firm was accused of paying 64 cr as kickbacks to various middlemen including some close to prime minister Rajiv Gandhi to ensure that its gun would be bought by the Indian army

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Bhrashtachar in year 1989

1. StKitts Forgery Scandal worth : 21 million

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.

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Bhrashtachar in year 1990

1. Airbus scandal Scandal worth : 2.5 crore

Indian Airlines's (ia) signing of the Rs 2,000-crore deal with Airbus instead of Boeing caused a furore following the crash of an A-320. New planes were grounded, causing IA a weekly loss of Rs 2.5 crore.

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Bhrashtachar in year 1992

1. Harshad Mehta Scam Scandal worth : 5,000 crore

Several stock brokers, prominent among them the Big Bull Harshad Mehta, siphoned money from banks to play the stockmarkets. The loss to banks was put at about 5,000 cr

Reference Link :   2. Palmolein Oil Import Scam

Palm Olein Import Scam (Palm Olein Case, Palm Olein Corruption Case, 1991–92) are the alleged irregularities in the import of palm olein by K. Karunakaran lead United Democratic Front Government of the state ofKerala,Indiathrough the Power and Energy Limited Company.

Reference Link :   3. Indian Bank scandal Scandal worth : 1,300 crore

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.

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Bhrashtachar in year 1994

1. Sugar import scam Scandal worth : 4,200 crore

The facts unfolded that some nominal shortage was expected; so one shipload was imported at a high rate of Rs 16 per kg around May, when 70-lakh tonnes of sugar were in stock,” he explains. “Since sugar production season was complete by April, all the costing had been completed and the issue price was also fixed. Subsequently when sugar was imported at such a high cost, the inland prices of stock were made to jump to the same level.” An additional Rs 6 per kg to the existing stock meant a neat Rs 4,200 crore! Eerie. About a week ago the central bank asked all commercial banks to sanction additional loan limits of Rs 420 crore to sugar mills for creating buffer stock.

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From: Paresh Ratan Kundu at 09:58 PM - Apr 29, 2013( )

Bhrashtachar in year 1995


Purulia arms drop case


The Purulia arms drop case was an infamous incident in which unauthorised arms were dropped from an Antonov An-26 aircraft in Purulia district in the state of West Bengal in India on 17 December 1995.


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Meghalya forest scam


Scandal worth : 300 crore


Meghalya forest scam - 300 crore


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Preferential allotment scam


Scandal worth : 5,000 crore


Preferential allotment scam - 5,000 crore


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Yugoslav Dinar Scam


Scandal worth : 400 crore


Yugoslav Dinar Scam - 400 crore


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From: Paresh Ratan Kundu at 09:58 PM - Apr 29, 2013( )

Bhrashtachar in year 1996
1. CBI court calls Lalu in fodder scam case
  Scandal worth : 950 crore

The CBI has over the years registered 63 cases in the Rs 950 crore fodder scam, which came to light in 1996.

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2. Sukh Ram

Sukh Ram is a former union communications minister in Indian National Congress Government. He was a member of Lok Sabha from Mandi constituency of Himachal Pradesh. He won the Vidhan Sabha election five times and the Lok sabha election three times.

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3. C R Bhansali scam
  Scandal worth : 1,100 crore

It's so easy to shake off a lakh investors and depositors. Here is how C R Bhansali did it: Move houses, change your phone numbers, and flit in and out of town.

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4. Fertiliser import scam
  Scandal worth : 133 crore

Mumbai, Sept 17: State Bank of India has absolved itself from allegations that it had violated the Foreign Exchange Regulation Act (Fera) in the Rs 133-crore urea import scam of 1996, what with the Enforcement Directorate (ED) maintaining a stoic silence on its bank probe and with the Central Bureau of Investigation (CBI) yet to book the culprits.

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From: Paresh Ratan Kundu at 09:59 PM - Apr 29, 2013( )

Bhrashtachar in year 1997
1. Cobbler scam
  Scandal worth : 1,000crore

THE boot may well be on the other foot now. While it was former sheriff Sadruddin Daya of Dawood shoes, Rafique Tejani of Metro Shoes and Kishore Signapurkar of Milano Shoes who were held as the prime accused in the Rs 1,000-crore cobbler scam, fresh investigations have revealed the full-fledged compliance of Maharashtra politicians in the fraud.

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2. Hawala scandal
  Scandal worth : 90 crore

The Hawala scandal or hawala scam was an Indian political scandal involving payments allegedly received by politicians through four hawala brokers, the Jain brothers. It was a US$18 million bribery scandal that implicated some of the country's leading politicians.

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3. Bihar land scam
  Scandal worth : 400 crore

Bihar land scam - 400 crore 

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4. SNC Lavalin scandal
  Scandal worth : 374 crore

The SNC Lavalin scandal is financial scam related to the contracting of the government with a Canadian company, SNC-Lavalin which resulted in an alleged net loss to the exchequer of 374 crore

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From: Paresh Ratan Kundu at 10:00 PM - Apr 29, 2013( )

Bhrashtachar in year 2000
1. Match Fixing

Mohammed Azharuddin, 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.

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2. UTI scam
  Scandal worth : 32 crore

UTI scam - 32 crore

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From: Paresh Ratan Kundu at 10:01 PM - Apr 29, 2013( )

Bhrashtachar in year 2001
1. Ketan Parekh

Ketan Parekh is a former stock broker from Mumbai, India, who was convicted in 2008, for involvement in the Indian stock market manipulation scam in late 1999-2001. Currently he has been debarred from trading in the Indian stock exchanges till 2017

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2. Barak Missile scandal

The Barak Missile Scandal is a case of alleged defence corruption relating to the purchase of Barak 1 Missile Systems by India from Israel. The case is currently under investigation by the Central Bureau of Investigation, and several people including the Samata Party ex-treasurer R.K. Jain have been arrested. Others named in the First Information Report include politicians George Fernandes and Jaya Jaitley, and arms dealer and ex-naval officer Suresh Nanda, who is the son of retired chief of naval staff S.M. Nanda.

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3. Calcutta Stock Exchange scam
  Scandal worth : 120 crore

Former president of Calcutta Stock Exchange and one of the "main" accused in last year's Rs 120 crore (Rs 1.2 billion) CSE scam Dinesh Kumar Singhania was arrested on Wednesday from his Salt Lake residence, Deputy Commissioner of Police (detective department) Soumen Mitra said.

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From: Paresh Ratan Kundu at 10:01 PM - Apr 29, 2013( )

Bhrashtachar in year 2002
1. stamp paper scam
  Scandal worth : 20,000 crore

The tentacles of the fake stamp and stamp paper scam, better known as the Telgi scam, has penetrated 12 states and is estimated at a whopping Rs 20,000 crore plus. Between 1992 and 2002, 12 cases were registered against Telgi relating to counterfeit stamps in Maharashtra alone and 15 cases in other parts of the country, but the lack of serious action suggests that the scamster had mastered the technique of corrupting the system. 

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2. Provident Fund (PF) scam

Provident Fund (PF) scam

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3. Kargil Coffin Scam

New Delhi, Aug 22: The Central Investigation Bureau (CBI) has reportedly finished putting together the chargesheet in 2002 Coffin scam related to the Kagil War. A report in CNN-IBN has revealed that the chargesheet names three Indian Army officials and a US company.

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From: Paresh Ratan Kundu at 10:02 PM - Apr 29, 2013( )

Bhrashtachar in year 2003
1. Taj corridor case

The Taj Heritage Corridor case is an alleged scam wherein 2002–2003, the then Chief Minister of Uttar Pradesh Mayawati and a minister in her government, Nasimuddin Siddiqui, were charged with corruption.

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2. HUDCO scam
  Scandal worth : 5,000 crores

Allegation of misuse of funds against former Minister Anantha Kumar Three part-time Directors of HUDCO sanctioned loans amounting to Rs. 5,000 crores to 50 corporate houses in a day

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From: Paresh Ratan Kundu at 10:03 PM - Apr 29, 2013( )

Bhrashtachar in year 2004
1. Gegong Apang

Gegong Apang (born July 8, 1949) is an Indian politician from Arunachal Pradesh. He was born to parents of Adi descent. He served as Chief Minister of Arunachal Pradesh from January 18, 1980 to January 19, 1999 and again from August 2003 to April 2007, when he was replaced by Dorjee Khandu.

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From: Paresh Ratan Kundu at 10:04 PM - Apr 29, 2013( )

Bhrashtachar in year 2005
1. IPO scam

When the Securities Exchange Board of India (Sebi) started scanning an entire spectrum of IPOs launched over 2003, 2004 and 2005, it ended digging up more dirt and probably prevented a larger conspiracy to hijack the market.

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2. Oil-for-Food Programme

The Oil-for-Food Programme (OFF), established by the United Nations in 1995 (under UN Security Council Resolution 986)[1] was established with the stated intent to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.

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3. Bihar flood relief scam
  Scandal worth : 17 crore

Bihar flood relief scam - 17 crore

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From: Paresh Ratan Kundu at 10:04 PM - Apr 29, 2013( )

Bhrashtachar in year 2006
1. Ice cream parlour sex scandal

The ice cream parlour sex scandal is one of the long running sex scandals in Kerala state, South India. Many of the top political icons are considered to be involved in this scandal.

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2. Scorpene deal hit by scam
  Scandal worth : 13,000 crore

The $3 billion (Rs 13,000 crore) Scorpene deal is likely to come under a cloud even as India is scheduled to sign the formal contract on October 6 with French company Thales. The company is in the midst of a corruption scandal involving sales of chemical weapons to Iraq under Saddam Hussian.

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3. city centre project scam
  Scandal worth : 1,500 crore

Punjab city centre project scam - 1,500 crore

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4. Mulayam Singh Yadav faces CBI heat in ayurveda scam
  Scandal worth : 26 crore

While the CBI is yet to complete its probe into the Rs 5,700 crore NRHM scam, it has suddenly got proactive about a Rs 26 crore ayurveda scam that took place in Uttar Pradesh between 1993 and 1995 when SP president Mulayam Singh Yadav was the chief minister.

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5. Ravi Shankaran

Retired Lt. Commander Ravi Shankaran (born 1964) is an Indian weapons dealer[citation needed] and accused spy.[citation needed] He is the prime accused in the "Naval war room spy scandal", linked to the Scorpene Deal scam.

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From: Paresh Ratan Kundu at 10:05 PM - Apr 29, 2013( )

Bhrashtachar in year 2008
1. Cash-for-votes scandal

The cash-for-votes scandal is a scandal in which the United Progressive Alliance, the majority-holding parliamentary-party alliance of India led by Sonia Gandhi, allegedly bribed Indian MPs in order to survive a confidence vote on 22 July 2008.

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2. Bluff Master Ali
  Scandal worth : 36,000 crore

THE SENSATIONAL case of Hasan Ali Khan, the man believed to have stashed away Rs 36,000 crore in offshore accounts, has gripped the nation’s imagination. Over the past few months, the media has been awash with stories on Khan’s stupendous wealth. 

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3. The inside story of how Satyam scam unfolded

The Serious Fraud Investigation Office will probe also Maytas infrastructure as part of the Satyam financial scam probe.

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4. State Bank of Saurashtra scam
  Scandal worth : 95 crore

Two months after the grand merger of over 420 branches of the State Bank of Saurashtra with the State Bank of India, the Reserve Bank of India has unearthed a Rs 95.40-crore scam from the Bhavnagar branch of the former, when it was the headquarter of the erstwhile SBS.

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5. Army ration pilferage scam
  Scandal worth : 5,000 crore

Army ration pilferage scam - 5,000 crore 

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6. Jharkhand medical equipment scam
  Scandal worth : 130 crore

Former Jharkhand health minister Bhanu Pratap Sahi on Saturday surrendered in a CBI court in Ranchi for his suspected involvement in the National Rural Health Mission (NRHM) financial misappropriation scandal, popularly known as the medicine scam.

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7. Haryana Teachers' recruitment scam

Former Haryana chief minister Om Prakash Chautala, his son Ajay Chautala and two IAS officers are among the 60 persons named in the chargesheet filed by the CBI on Friday in the Junior Basic Trained (JBT) teachers' recruitment scam of 2003 when the accused used forged documents to appoint 3,206 teachers after taking hefty amounts from them which could collectively run into crores of rupees.

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From: Paresh Ratan Kundu at 10:06 PM - Apr 29, 2013( )

Bhrashtachar in year 2009
1. Madhu Koda
  Scandal worth : 4000 crore

On 10 October 2009, he was charged with laundering money.The Income Tax Department uncovered over 4000 crore in illegal assets owned by Koda. Among others, these assets were reported to include hotels and three companies in Mumbai, property in Kolkata, a hotel in Thailand, and a coal mine in Liberia.

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2. Goa Special Economic Zone (SEZ) scam

Three years after the Congress-led coalition government in Goa cancelled seven controversial special economic zone (SEZ) allotments, the scam is back to haunt two of the party's former chief ministers and a legislator.

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3. Rice export scam
  Scandal worth : 2,500 crore

Rice export scam - 2,500 crore

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4. Orissa mining scam
  Scandal worth : 7,000 crore

Orissa mining scam - 7,000 crore

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5. Orissa paddy scam

An Right to Information (RTI) activist in Orissa's Nuapada district has unearthed a scam in which rice millers in collusion with government officials are minting money by carrying out fake transactions and in the process selling the highly subsidised Rs 2 per kg PDS rice back to the government at Rs 17 per kg.

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6. Sukhna land scam - Darjeeling

The Army on Wednesday said it had received the report of a probe committee that has reportedly recommended disciplinary action against four General-ranking officers in connection with Darjeeling land scam case and would analyse it.

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7. Vasundhara Raje land scam

In compliance with a court directive, the police on Monday registered a criminal case against the former Rajasthan Chief Minister Vasundhara Raje and five others in connection with the Deendayal Upadhyay Trust land scam. All of them have been accused of cheating, criminal conspiracy and breach of trust.

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8. Austral Coke scam
  Scandal worth : 1,000 crore

The government has ordered an enquiry by the Serious Fraud Investigation Office into the alleged financial irregularities by metallurgical coking coal producer Austral Coke.

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9. Gujarat's VDSGCU Sugarcane scam
  Scandal worth : 18.7 crore

The managing director of the Vadodara District Sugarcane Grower’s Cooperative Union (VDSGCU), B M Patel, who is an accused in the sugarcane scam, was arrested by the Karjan police on Tuesday. Patel was produced before a local court for a two-day remand.

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From: Paresh Ratan Kundu at 10:07 PM - Apr 29, 2013( )

Bhrashtachar in year 2010
1. 2G spectrum scam
  Scandal worth : 176,000 cror

2G spectrum scam - In the audit report, CAG puts the loss at 176,000 crore.The 2G spectrum scandal involved officials in the government of India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would use to create 2G subscriptions for cell phones. 

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2. whereas CBI pegs the loss
  Scandal worth : 30,984 crore

whereas CBI pegs the loss at 30,984 crore.The Central Bureau of Investigation (CBI) is a governmental agency belonging to Government of India that serves as both a criminal investigation body, national security agency and intelligence agency

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3. Adarsh Housing Society Scam

he Adarsh Housing Society is a cooperative society in the city of Mumbai in India. The origins of the scam go back to February 2000 when a request was made to the Chief Minister of Maharashtra to allot land in the heart of Mumbai for the construction of a housing complex for "the welfare of serving and retired personnel of the Defence Services.

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4. Commonwealth Games scam

A number of concerns and controversies surfaced before the 2010 Commonwealth Games in New Delhi, India, which received widespread media coverage both in India (the host nation) and internationally.

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5. LIC housing loan scam

The 2010 fake housing loan in India was uncovered by the Central Bureau of Investigation (CBI) in India. CBI arrested eight top-ranking officials of public sector banks and financial institutions, including the LIC Housing Finance CEO Ramchandran Nair, in connection with the scam.

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6. Belekeri port scam

The Belekeri port scam relates to 3.5 million tons of confiscated iron ore that was exported illegally from Belekeri port near Karwar in Karnataka.

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