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.
World's Largest Republic of Scams - India Scams over the Years...
Bhrashtachar in year 1948
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.
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.
On May 24, 1971, INR 60 lakh was withdrawn from the State Bank of India, Parliament Street branch, and given to a "Bangladesh ka babu" (Hindi for "man from Bangladesh") after the chief cashier, Ved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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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.
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.
The Oil-for-Food Programme (OFF), established by the United Nations in 1995 (under UN Security Council Resolution 986) 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.
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.
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.
Retired Lt. Commander Ravi Shankaran (born 1964) is an Indian weapons dealer and accused spy. He is the prime accused in the "Naval war room spy scandal", linked to the Scorpene Deal scam.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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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