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On May 24, 1971, INR 60 lakh was withdrawn from the State Bank of India, Parliament Street branch, and given to a "Bangladesh ka babu" (Hindi for "man from Bangladesh") after the chief cashier, Ved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.
Laloo Prasad convicted in fodder scam, must quit parliament 30 September 2013
Rabri Devi died and went to heaven (Don't Laugh). As she stood in front of yamraj , she saw a huge wall of clocks behind. She asked, "What are all those clocks?" Yamraj answered, "Those are LieCloks. Everyone on Earth has a LieClock. Every time you lie, the hands on your clock will move." "Oh," said Rabri, "Who's clock is that?" That's Gautam Buddha's. The hands have never moved indicating that he never told a lie. "And whose clock is that?" That's Abraham Lincoln's clock. The hands have only moved twice, telling us that Abraham only told 2 lies in his entire life." Rabri asked, "Where's my Laloo's clock?" "Laloo's clock is in my office", replied yamraj, "I'm using it as a ceiling fan.
News:- A special CBI (Central Bureau of Investigation) court in Ranchi today found Rashtriya Janata Dal chief and former Bihar chief minister Laloo Prasad Yadav guilty of peculation in what has become known as the fodder scam – which means that he must forfeit his seat in parliament, under a recent Supreme Court ruling. Laloo Prasad, who was also formerly the railway minister in the union cabinet, was convicted with 44 others. He faces from three to seven years in jail; the sentencing will take place on 3 October. The fodder scam relates to Bihar's agriculture and animal husbandry department, which siphoned off a reported Rs950 crore of funds meant for subsidised cattle fodder some 17 years ago. Prasad and the others were charged with fraudulent withdrawal to the tune of Rs37.7 crore on fake fodder bills from the Chaibasa treasury in the 1990s in a case lodged and investigated by the CBI. Chaibasa was part of the then undivided Bihar. Former Bihar chief minister Jagannath Mishra and Jagdish Sharma, MP for Nitish Kumar's Janata Dal (United) which now rules Bihar, were also convicted in the case. Earlier, the Supreme Court had rejected Lalu's plea to transfer the case since CBI judge Pravas Kumar Singh is a relative of a Bihar minister. But the apex court had rejected the petition. Laloo Prasad Yadav, 66, was present in court when the verdict was delivered. Among his fellow convicts are seven more politicians and four bureaucrats. The sentence will be announced on Thursday through video-conferencing. Laloo Prasad was the chief minister of Bihar with a good majority in the state assembly when he was forced to resign in 1997 after being charged in the scam. He promptly placed his virtually illiterate wife Rabri Devi as a proxy chief minister. But in the 2005 election, he lost Bihar to Nitish Kumar of the Janata Dal (United), who has been in power ever since. The conviction could have major ramifications for politics in Bihar, where Laloo Yadav's RJD is still considered the number two party after the JD(U).
Saradha Group financial scandal is an alleged financial scam run by Saradha Group, a consortium of Indian companies running a wide variety of ponzi scheme in the guise of collective investment scheme (popularly but incorrectly referred in rural India as chit fund) in Eastern India. The group collapsed in April 2013 causing an estimated loss of between INR 20,000 - 30,000 crores (4 - 6 billion USD). In the aftermath of this financial scandal the State government of West Bengal set up an inquiry commission to investigate the collapse and have also announced setting up a fund of INR 500 crores to ensure that smallest investors are not bankrupted.
Companies belonging to Saradha Group were incorporated from 2006, initially the companies started to collect money from public by issuing secured debentures and redeemable preferential debentures. However under Indian Securities regulations and Indian Companies Act enforced by market regulator Securities and Exchange Board of India (SEBI), a company cannot raise capital from more than 49 persons without taking permission from SEBI. On being challenged by SEBI, in around 2009, the Group started opening numerous companies (over 300 under some estimate) to create cross-holdings etc. and have tiered corporate structure to make it difficult to pin blame on any one company. However by 2010 under relentless pressure from SEBI, the companies changed its modus operandi and started to conduct business under a collective investment scheme (CIS) which it touted as a form of chit fund, as chit funds were regulated by state government, SEBI warned the state government of West Bengal, later SEBI realised that these were not chit funds but CIS and asked them to immediately stop operating these forms of investment schemes without taking permission from SEBI. The companies by 2011 yet again changed its operating strategy and started chain marketing and forward hotel booking etc. but sold it to public as investment opportunity. Finally in April 2013 just after the collapse of the fund SEBI opined that chain marketing and forward contracts are forms of CIS and asked Saradha Group to immediately desist from raising any further capital and return all deposits by three months.
The scam is believed to be worth over Rs 2 lakh crore – more than the estimated Rs 1.76 lakh crore loss suffered by the exchequer in the 2G spectrum allocation scam. A report on the same was submitted to state Chief Minister DV Sadananda Gowda by Karnataka Minorities Commission Chairman Anwar Manipaddy on Monday.
Providing fodder to the CBI probing the various land allotments in the state during the YSR government, the Comptroller and Auditor General (CAG) has concluded that the Andhra Pradesh government doled out thousands of acres of government land to private individuals on an ad hoc and arbitrary manner without safeguarding the interests of the state. The CAG report for the year ending March 31, 2011, was tabled in the assembly on Thursday.
The Gujarat Assembly’s budget session has been drawn into the mire over controversies one after the other. If the porngate scandal involving two BJP MLAs was not enough, the CAG report presented before the Gujarat assembly on the last day of the budget session tore into the Modi government on the issue of corruption by pointing out irregularities causing a cumulative loss of nearly Rs 17,000 crore.
The opposition on Tuesday sought to blame Maharashtra\'s financial mess on a series of scams which have been allegedly perpetuated by members of the DF government. Upping the ante over the alleged large-scale misappropriation in the contracts awarded for franking of stamps for payment of stamp duty, opposition leader in the legislative council Vinod Tawde (BJP) hinted at the involvement of the sons of two former Maharashtra chief ministers in the Rs 640 crore scam.
Shimla, Jan 31 (PTI) Two Himachal Pradesh\'s Civil Supplies Corporation officers were suspended for their alleged involvement in the multi-crore pulse scam, the state government today said. \"HPCSC General Manager Ashok Kumar and procurement officer Ram Lal have been placed under suspension,\" Food and Civil Supplies minister Romesh Dhawala said while refuting charges that the government was going slow in bringing the culprits to book.
An investigation by the Central Vigilance Commission has found that a majority of flying schools/clubs in India posed as registered societies, operating on no-profit no-loss basis, to avoid paying the government full fee for operations. Resultantly, the government has lost at least Rs 190 crore in revenue, according to the CVC probe.
Trouble seems to be brewing for the Kiran Reddy government in Andhra Pradesh over the liquor scam which CNN-IBN had reported first. The Andhra Pradesh High Court has sent notices to the Andhra Pradesh Chief Minister Kiran Reddy, state Congress chief B Satyanarayana, Excise Minister M Venkatramana and leader of Opposition Chandrababu Naidu.
There is no field without corruption and in latest case, embezzlement to the tune of Rs 50 crore has surfaced in JKCA and it’s only a tip of the iceberg. One officer has been terminated and other has been asked to resign but basically, JKCA is headed by Farooq Abdullah and there should be an FIR registered against him,” she said, adding, “When FIR can be registered against (Suresh) Kalmadi and investigations done, why can’t against Farooq Abdullah against whom there are already allegations of corruption in Haji Yousuf case? Why double standards?”
Committee in which at least 160 people are alleged to have been employed under political influence. According to records of the Municipal Committee, recruitment norms like calling for applications and holding interviews for various posts were not adhered to. The politicians whose names figured in the recruitment process include Deputy Chief Minister Tara Chand, Legislative Assembly Speaker Mohammad Akbar Lone and Opposition PDP MLA from Bandipora Nizamuddin Bhat.
Reports said on Wednesday that an investigation report of the Jammu and Kashmir Police’s Crime Branch has indicted state Education Minister Peerzada Mohammad Sayeed for helping his son pass the Board examination in 2009 using unfair means.
Scams after scams Omar Abdullah Government is under the fire again. TIMES NOW accesses exclusive documents exposing a multi crore scam in Jammu and Kashmir dental colleges, clearly showing how state authorities have bought medical equipment at a price way higher than their actual quotation bleeding the exchequer completely dry.
Smelling a big scam in cement supply to Parbati hydroelectric state-III near Sainj river in Kullu district, a joint team of CBI officials from Shimla and Chandigarh raided 3 godowns of the National Hydroelectric Power Corporation (NHPC) and a construction company in Kullu and Chandigarh.
The daily said Devas was to allegedly benefit unbridled use of 70 Mhz of the scarce S-Band spectrum over a 20 year period from which the CAG has made preliminary estimate of a loss of Rs. 2,00,000 crore to the exchequer.
National auditor CAG (Comptroller and Auditor General of India) on Thursday castigated the Oil Ministry for allowing Reliance Industries to retain its entire eastern offshore KG-D6 block in contravention of the Production Sharing Contract, but did not comment on more than tripling of the field development cost.
Accused of sitting on a Rs.3,500 crore illegal mining scam, the Goa government Friday got a major reprieve after the speaker refused to table the damning Public Accounts Committee (PAC) report in the assembly, the last day of the monsoon session.
Rising global iron-ore prices driven by Chinese demand brought focus to the iron ore rich Bellary region of Karnataka. This iron ore is alleged to have been illegally mined after paying a minuscule royalty to the government.
The Himachal Pradesh government today admitted in the State Assembly that irregularities had been detected in grant of licences to three prime builders of mega housing projects, but blamed the bureaucracy .
Orissa Woman and Child Development Minister Pramila Mallick on Saturday resigned from the Cabinet in the wake of allegations by opposition Congress and BJP over the Rs 700-crore scam related to purchase of dal for mid-day meal scheme and supplementary nutrition programme (SNP).
Kerala Police today said they are investigating a multi-city investment scam involving real estate developers and money-chain fraudsters that could have left lakhs of victims in the state and abroad poorer by upto Rs 1,000 crore.
उत्तर प्रदेश माध्यमिक शिक्षा परिषद के निदेशक संजय मोहन को टीचर एलेजिबिल्टी टेस्ट (टीईटी) परीक्षा में पैसा लेकर ऑनलाइन परिणाम बदलने के आरोप में रमाबाईनगर (कानपुर देहात जिले) की अम्बेडकरनगर पुलिस ने गिरफ्तार कर लिया है।
The Supreme Court on Monday made it clear that the Central Bureau of Investigation (CBI) has to probe into the alleged misappropriation of the National Rural Employment Guarantee Act (NREGA) funds in Orissa.
The government Wednesday said it has entrusted to the Central Bureau of Investigation (CBI) a probe into the alleged grabbing of air force land in Jammu and Kashmir\'s Srinagar by land sharks in connivance with defence officials.
Top officials of BEML Limited, a Bangalore-based company, and the defence ministry have siphoned off at least Rs750 crore in bribes and commissions over the past 14 years in the purchase of components for Tatra trucks, backbone of the army’s artillery and transportation wings.
The CBI has registered a case against nine senior officials of Employees\' Provident Fund Organisation (EPFO) and others for defrauding the exchequer of Rs 169 crore. The CBI also named four employees of a Delhi-based private firm in the case registered on Wednesday.
Enforcement Directorate sleuths have closed in on Ujjain district treasury accounts clerk cum store keeper who is the alleged kingpin of the Rs 2.34 crore stamp paper scam. In September, 2010, during a routine check Ujjain treasury officials unearthed a major stamp paper scam and then treasury store keeper Ashok Sharma, was suspended and an inquiry ordered against him.
Oct 6, 1:57 PM In Tamil Nadu, former DMK Minister K Ponmudi was arrested today from his house at Villupuram. Police sources say that he was arrested for illegal sand quarrying which had reportedly led to a loss of 28 crore 37 lakh rupees to the exchequer. Ponmudi was Higher education minister in the former DMK government.
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