Top scams in India post-Independence

Top scams in India post-Independence which we’ve got suffered so much that the country has suffered a lot and this scam has not been forgotten up to now.

Coal scam 2012

Coal scam 2012

There was an Indian coal allocation scam when Manmohan Singh was in power in 2012The Manmohan Singh government was accused that the PSU and personal companies had misallocated coal deposits without competitive bidding by the govt. The quantity of this allocation was Rs 186000 lakh crore.

2G spectrum scam

2G spectrum scam

There are many scams in India, in which the 2G spectrum is the largest scam. Keeping the principles of the method of licensing allocation of this integrated entry service former telecom minister A Raja had done the scam except them, M.K. Kanimozhi and many telecom companies are involved during this matter. In 2008, this was a suspected scam, which was worth 176000 lakh crores.

2012 Waqf Board Land Scam

2012 Waqf Board Land Scam

The Waqf Board may be a charitable institution established for the assistance of a poor Muslim community on which Anwar Manipadi, who was the President of the Karnataka State Minority Commission, presented a report, which stated that 27000 acres of land which was waqf it absolutely was controlled by the board it absolutely was allocated by the board and therefore the leaders to the govt. workers at a really low price. The worth of the land was about 150000 lakh crores.

Commonwealth Games 2020Commonwealth Games 2020

In the Commonwealth Games scam during this case, half the number which was allocated 70000 crores for the sport wasn’t spent The Central Vigilance Commission was also involved within the scam within which the acquisition of kit was manipulated the worth of the equipment was shown increased it had been a large loot.

Telgi scandal of 2002

The scandal was distributed in a very secretive and dramatic thanks to making money in every denomination. The mastermind of this scam was Mind Abdul Telgi, who had mastered the art of printing faux stamp papers. It had been sold to banks and other institutions within which he was supported by government departments his infiltration reach spread to 12 states. The quantity of his scam was estimated to be around 20000 crores.

Satyam scam of 2009

Satyam scam of 2009

Satyam is that the biggest fraud within the history of corporate history, within which Ramalinga Raju, former chairman of the corporate, for several years tampered with the accounts of the company’s accountants, raising Satyam’s revenue and profit figures, kept everyone within the dark Was there thanks to this scam Satyam’s investors and shareholders had to face heavy losses the quantity of scam within the company was Rs. 14000 crores. Raju was also imprisoned and fined for the scam. Tech Mahindra later took a very important role within the company’s acquisition and reinstate Satyam.

Bofors scam of the 1980s and 1990s

The Bofors scam was a significant corruption scandal it absolutely was a scam associated with India’s defense service and India’s security interests Scam was done between Sweden’s Bofors company A Bin which the then prime minister Rajiv Gandhi Hinduja accused of taking a bribe (NRI Family)and many others was involved in this. This bribe was taken for the provision of India’s 155 mm Field Howitzer which was disclosed by the Swedish State Radio scam done by Sweden’s largest manufacturer Bofors. Under a secret mission by state Radio by submitting its report the quantity of this scam was up to 100 to 200 crores.

Fodder scam of 1990

This is Bihar’s most discussed scandal. The allegations of fodder scam were felt by the then Bihar minister Lalu Prasad Yadav, who had been taken into custody even after the fees were proved but were later released on bail. The money to be spent on husbandry, equipment, medicines were employed in this scam and sums up to Rs 900 crore.

Hawala scam

Hawala scam from 1990 to 91The Hawala case was $ 18 million during which the country’s leading leaders were accused of taking bribes through hawala brokers, which was exposed in 1996. Lal Krishna Advani was also the name of these accused, who was then leader of the opposition. The number of this scam was Rs. 100 crores.

Harshad Mehta and Ketan Parekh stock exchange scandal of 1992

Harshad Mehta and Ketan Parekh stock exchange scandal of 1992

Many people were suffering from this scam Investors can always remember the Rs 4,000-crore investors can always remember the Rs 4,000-crore Harshad Mehta scandal and also the stock worth 1000 crore rupees, Ketan Parekh’s scam. This scam jointly damaged an amount of 5000 million rupees. Even after India’s independence, it’s not untouched by dubious scandals like corruption within the Indian court, cases of corruption are still pending. The perpetrators of most scandals are very big if the proceedings prevent, then the chance of such criminals are escalated. .These will be reinforced by making the scheme tough.

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