Top 10 Facts

Top 10 biggest scams in India

Written by Jamal Ahmad

Corruption and scams in india, now a days common thing in India, is that any person takes money from the banks and gets rid of them. It is our government that he keeps on holding his hand as always.

Do not know how many scams have been going on for years. After all, the government will tell the time when it will be taken by all. Come on, friends tell you about some scams which have shaken the Indian economy.

Augusta Westland scandal

Augusta Westland scandal
For the purchase of 12 VVIP helicopters for the Indian Air Force, the agreement with Anglo-Italian company Agusta-Westland in 2010 was canceled by the Indian government in January 2014, for a sum of Rs 3,600 crore.

In this agreement, the commission of 360 crore rupees commission paid. After the news of payment of commission payment, the government had banned the supply of 12 AW -101 VVIP helicopters to the Indian Air Force in February 2013.

At the time when the order to stop the contract was issued, India had paid 30 per cent and the process of further payment for three other helicopters was going on. A Italian court ruled in this matter that the deal was a scandal.

In this case, after the name of former Air Chief SP Tyagi, he has now been sent to the CBI remand. At the same time, according to a BBC report Congress President Sonia Gandhi was playing a key role in this deal.

Satyam scam

Satyam scam
This was probably the biggest scandal in the corporate world, due to which Ramalinga Raju, chairman of Satyam Computers, had to resign and later he was also jailed. Raju began to sneak into his company’s balance sheets and started showing up the profits.

Consequently, at the end of September 2008 Satyam Computers had a balance sheet of Rs 5,361 crores, but the total amount of the company was only 300 crores.

Stamp paper scam

The Stamp Paper scam was probably the most awkward scandal in India’s history. Abdul Karim Telgi, who used to sell fruits and vegetables, stamped the billions of rupees by printing fake stamp paper.

Telgi had first duplicate people by making fake passports, then he printed fake stamp paper and sold it to banks, insurance companies, foreign investors and stock broking companies.

Due to this scam, Telgi fraudulent Rs 20,000 crore in 12 states In this scandal, the police and government officials, supported by Telgi, The Narco Test proved that the legendary leaders like Sharad Pawar and Chhagan Bhujbal also met in the scam.

Telgi was sentenced to 13 years in jail in 2007 and also fined Rs 202 crores. 42 colleagues of Telgi were also sentenced to 6 years.

Let us tell you that Abdul Karim Telgi, who was recently involved in the fake stamp paper scam, died in a Bangalore hospital. According to Victoria Hospital management, the condition of Telgi was going on for several days and due to which it was shifted to the ICU.

Commonwealth Games scam (CWG scam of 70 billion crores)

Commonwealth Games scam

In 2010, there was a grand ceremony of Commonwealth Games in Delhi, but the discussions of his scandals had already reached the headlines of the newspapers. As far as discussions do not take place on the Games, more talk is about the scandals in the Commonwealth Games.

The committee formed to investigate the scandal involving the play was found that payment to fake companies has been given, ordinary simple things such as liquid soap dispenser have been rented at Rs 9,379. Equipment connected with sports was hired at a much higher price than their fixed price.

In this scandal, the Commonwealth Games Committee chairman Suresh Kalmadi was arrested directly as the accused. The total amount of Commonwealth Games scam is said to be around Rs. 70 thousand crore.

Bofors scandal ($ 40 million scam)

Bofors scandal
This was probably the first scam in the purchase of defense matters in the country. The scandal shook the politics of the country in the 80’s and 90’s.

In the $ 40 million scandal that followed, the name of Rajiv Gandhi was also the PM. However, in this scandal, the main accused Italy’s Italian middleman Ottavio Quattrocchi was created.

Quattrocchi was made the main accused in the deal, but the Indian government could not succeed in bringing him to India. On June 13, 2014, Quattrocchi died in Milan’s Italian city, as well as many black kings of the Bofors scandal were buried.

Fodder Scam (Rs. 950 Crore Scam)

Fodder Scam
Lalu Prasad Yadav, former Bihar Chief Minister, knows from the point of taking a pinch, more people know Laloo Prasad Yadav due to the fodder scam. In this nearly 950 crore scandal, one of the two Chief Ministers of Bihar had to resign. Before Laloo Yadav, Jagannath Mishra had to resign because of the fodder scam.

According to the report of the fodder scam, the Animal Husbandry Department had embezzled Rs.950 crores and the animals which were never there, were given huge amount of funds for fodder, treatment and medicines in the name of those animals. This game of fodder scam was old but in 1996, this dirty game was exposed.

Coal scam (scam of Rs 1,86,000 crores)

Coal scam
Coal scam was the biggest scandal in the country. The amount of reports that came in the initial round about the coal scam was 6 times the spectrum scam. But after the removal of the names of the government companies, the scam came out to be Rs 1,86,000 crore.

That means a scam of more than Rs 10,000 crores by spectrum scam. In the initial report, the scam was being reported as Rs 10 lakh crore but later when government companies were removed from this list, then the scam turned out to be 1.86 lakh crore rupees.

After this scam, the opposition demanded his resignation from Prime Minister Manmohan Singh. During the time during which the scam took place, between 2006 and 2009, the Coal Ministry was with Prime Minister Manmohan Singh.

2G Spectrum scam (Scam of Rs.1,76,000 crores)

Spectrum scam is probably the biggest scandal in the history of the country. The 2G spectrum scam is said to be worth Rs 1.76 lakh crore. At that time, A Raja, who was Telecom Minister, sold different companies for the licenses of 2G spectrum. Due to this auction the government had lost $ 39 billion.

The CAG submitted a report about the loss in the scam in its report. After this The king was removed from the minister’s post. The flaw of the scam reached the PMO and then the then Prime Minister Manmohan Singh himself responded in the Supreme Court.

The DMK MP Kanimozhi and Dayanidhi Maran also lost the scam. This scandal was so widespread that it involved leaders, ministers, businessmen, industrialists, media workers etc.

Vijay Mallya (Scam of Rs 9000 crore)

Vijay Mallya scam
Liquor baron Vijay Mallya has also fled abroad with a loan of 9000 crore from several banks in the country. Famous politicians of India, Sahara Force India, Royal Challenger, McDowell, Mohun Bagan and Kingfisher, East Bengal Keen Sportingman owner Vijay Mallya are well-known industrialists of the country.

After the death of his father, at the age of 28, he became Chairman of Mallya United Breiris Group in 1983. United Kingfisher held about 50% of the Indian beer market. Kingfisher brands of beer are available not only in India but in 52 countries.

Neerav Modi (Scam of Rs 11 thousand crore)

Where is the “Nirav Modi”, who gave a shock of Rs 11 thousand crore to Punjab National Bank? This question is on everyone’s tongue. According to reports, Neerav is not in the country at this time. According to ‘Times Now’, this diamond businessman is currently being told in Switzerland.

They are also being told in the touch of bank officials. Meanwhile, there have been reports that Bollywood actress Priyanka Chopra has filed a fraud case against Neerav but later she was rejected by her on behalf of Priyanka.

Indeed, Priyanka had added to Neerav Modi’s diamond company. Rahul Gandhi has put PM Modi in the dock about the Nirav Modi scam. He has tweeted tense.


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About the author

Jamal Ahmad

Hello Friends, Welcome to our blog “Anmolpost“. We all are a professional Blogger, We are student from Lucknow after completing graduation in Computer Science Engineering. We are all starting blogging to make something new and effective. We love doing work which makes us happy, that’s why we love blogging and You will love exploring educational stuff on our blog. On this blog we will try our best to help you in terms of our blogs so stay tuned with to get updated with our latest interesting posts.

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