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List of 15 greatest scams uncovered in India

Contribution of each scam to the total loss of common men in India

Contribution of each scam to the total loss of common men in India

Here is a list of top 15 scams in India that were uncovered since it’s independence. These scams are estimated to have brought a total loss of INR 19,376,279,490,000 for the common men. A big chunk of this black money is sitting in accounts of these corrupt politicians in Swiss bank. From the chart above, you can see how UPA government contributes the most via coalgate scam. The list of scams also makes it evident that how corrupt government formed of Congress party has looted India under the name of gandhi family since it’s independence in 1947. The only political party that comes clean in this list of scams is BJP.

List of top 15 scams in India along with prime accused

List of top 15 scams in India along with prime accused

1. Bofors scam

Year: 1987
Prime responsible person: Rajiv Gandhi – prime minister of India
Loss to the people of India: INR 640,000,000
The Bofors scandal was a major corruption scandal in India in the 1980s and 1990s, initiated by Congress politicians and implicating the prime minister, Rajiv Gandhi and several others who were accused of receiving kickbacks from Bofors AB for winning a bid to supply India’s 155 mm field howitzer. The scale of the corruption was far worse than any that India had seen before and directly led to the defeat of Gandhi’s ruling Indian National Congress party in the November 1989 general elections. The Swedish company paid INR640 million (US$9.8 million) in kickbacks to top Indian politicians and key defence officials.

2. Fodder scam

Year: 1996
Prime responsible person: Lalu Prasad yadav – chief minister of Bihar
Loss to the people of India: INR 20,000,000,000
The foode scam was a corruption scandal that involved the embezzlement of about INR940 crore (equivalent to Rs 20 billion or US$300 million in 2013) from the government treasury of the eastern Indian state of Bihar. The scandal led to the end of Lalu’s reign as Chief Minister. There is also allegation on Nitish Kumar and Shivanand Tiwari of receiving 1 crore and 60 lakh Rupees respectively from S.N. Sinha.

3. Oil for food scam

Year: 2001
Prime responsible person: K Natwar Singh – former external affairs minister
Loss to the people of India: INR 9,490,000
Andaleeb Sehgal, a friend of Jagat Singh, and Aditya Khanna, a relative of Natwar Singh, are understood to have received financial payoffs in the deal by getting oil coupons based on the letters of recommendation given by Natwar Singh. The authority has found that Natwar and his son had misused their position in helping Sehgal and Khanna bag three oil contracts from the UN sanctioned Saddam regime. Sehgal and Khanna, in turn, passed the contracts on to Swiss oil company Masefield AG which drew the oil and paid them a commission, adding that on a cut of five cents a barrel, Sehgal and Khanna received a total commission of $1,46,000, which they divided between themselves in a ratio of 4:1.

4. Uttar Pradesh food grain scam

Year: 2002
Prime responsible person: Unidentified
Loss to the people of India: INR 350,000,000,000
Uttar Pradesh food grain scam took place between years 2002 and 2010, in Uttar Pradesh state in India, wherein food grain worth Rs 350 billion (US$5.4 billion), meant to be distributed amongst the poor, through Public Distribution System (PDS) and other welfare schemes like Antyodaya Anna Yojana (AAY), Jawahar Rozgar Yojana and Midday Meal Scheme for Below Poverty Line (BPL) card holders, was diverted to the open market.

5. Adarsh Housing Society scam

Year: 2002
Prime responsible person: Sushilkumar Shinde, Vilasrao Deshmukh, Ashok Chavan
Loss to the people of India: Unidentified
The Adarsh Housing Society is a cooperative society in Mumbai, India. The origins of the scam go back to February 2002 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”. Over a period of ten years, top politicians, bureaucrats and military officers proceeded to bend several rules and perpetrate various acts of omission and commission in order to have the building constructed and then get themselves allotted flats in this premier property at artificially lowered prices.

6. Cash for votes scam

Year: 2008
Prime responsible person: Amar Singh – general secretary of the Samajwadi Party
Loss to the people of India: INR 600,000,000
The cash-for-votes scam 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. Five days before the Manmohan Singh government faced a crucial vote of confidence on the Indo-U.S. nuclear deal in 2008, a political aide to Congress leader Satish Sharma showed a U.S. Embassy employee “two suitcases containing cash” he said was part of a bigger fund of Rs. 500 million ($13 million) to Rs. 600 million ($15 million) that the party had assembled to purchase the support of MPs.

7. Satyam scam

Year: 2009
Prime responsible person: Ramalinga Raju – former chairman of Satyam Computer services
Loss to the people of India: INR 95,550,000,000
The Satyam Computer Services scandal was a corporate scandal that occurred in India in 2009 where chairman Ramalinga Raju confessed that the company’s accounts had been falsified. The Global corporate community was shocked and scandalised when the chairman of Satyam, Ramalinga Raju resigned on 7 January 2009 and confessed that he had manipulated the accounts by US$1.47-Billion. Ramalingam Raju along with 2 other accused of the scandal, had been granted bail from Supreme court on 4 November 2011 as the investigation agency CBI failed to file the chargesheet even after more than 33 months Raju being arrested.

8. Madhu Koda mining scam

Year: 2009
Prime responsible person: Madhu Konda – former chief minister of Jharkhand
Loss to the people of India: INR 40,000,000,000
Madhu Koda mining scam is the scam that happened in Jharkhand in India. It was alleged by investigative agencies that Madhu Koda took hugh bribes for illegally allotting iron ore and coal mining contracts in Jharkhand when he was the chief minister of the state. As per estimates Koda and his associates collected over Rs 4,000 crore by allotting mines to business houses. On orders of Jharkhand High Court CBI is investigating the scam.

9. Coal allocation scam

Year: 2009
Prime responsible person: Manmohan Singh -Prime minister of India, Sonia Gandhi – President of Congress Party
Loss to the people of India: INR 10,673,030,000,000
Coal allocation scam or Coalgate, is a political scandal concerning the Indian government’s allocation of the nation’s coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh. In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004–2009. In its draft report in March the CAG estimated that the “windfall gain” to the allocatees was Rs. 1067303 crore.

10. Indian 2G spectrum scam

Year: 2010
Prime responsible person: A Raja – former Union Cabinet Minister (Communication and Information Technology – 2007 & 2009), M. K. Kanimozhi – member of parliament
Loss to the people of India: INR 1,766,450,000,000
The 2G spectrum scam was a scam involving politicians and government officials in India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would then use to create 2G spectrum subscriptions for cell phones. The shortfall between the money collected and the money that the law mandated to be collected is estimated to be Rs 1766.45 billion (US$27 billion), as valued by the Comptroller and Auditor General of India based on 3G and BWA spectrum auction prices in 2010.

11. Commonwealth games scam

Year: 2010
Prime responsible person: Suresh Kalmadi – Congress party representative and chariman of CWG Organising Committee, Sheila Dikshit – Chief minister of Delhi, Robert Vadra
Loss to the people of India: INR 700,000,000,000
The Commonwealth games scam as it is known involved large scale misappropriation of money during the preparatory phase and conduct of the 2010 Commonwealth games held in New Delhi. The total value of the scam is estimated to be 70,000 crore.

12. Uttar Pradesh NRHM scam

Year: 2011
Prime responsible person: Babu Singh Kushwaha – former Minister of Family Welfare, Anant Kumar Mishra – health minister, Mayawati – chief minister of Uttar Pradesh
Loss to the people of India: INR 100,000,000,000
In Feb 2012, Prime Minister Manmohan Singh himself accused the Mayawati government of misusing NRHM funds. Uttar Pradesh NRHM Scam is an alleged corruption scandal in the Indian state of Uttar Pradesh, in which top politicians and bureaucrats are alleged to have siphoned off a massive sum estimated at Rs 100 billion (US$1.5 billion) from the National Rural Health Mission, a central government program meant to improve health care delivery in rural areas.

13. S band scam

Year: 2011
Prime responsible person: G. Madhavan Nair – former chairman of Indian Space Research Organization
Loss to the people of India: INR 2,000,000,000,000
Devas Multimedia Pvt Ltd, from Bangalore was given preferential allocation of air waves controlled by the Indian Space Research Organisation in exchange of bribe. Preliminary estimates point to loss of more than Rs. 2,00,000 crore.

14. Karnataka Wakf Board Land Scam

Year: 2012
Prime responsible authority: Karnataka Wakf Board
Loss to the people of India: INR 2,000,000,000,000
The Karnataka Wakf Board Land Scam concerns the alleged misappropriation of Rs 2000 billion (US$31 billion) in Indian property funds, made public by a report submitted by the Karnataka State Minorities Commission in 2012.

15. DIAL Scam

Year: 2012
Prime responsible authority: Delhi International Airport Limited
Loss to the people of India: INR 1,630,000,000,000
DIAL Scam, also called Delhi Airport Land Scam, Airport Scam and the IGI Scam is a title popularly used in the media to refer to the irregularities pointed out in a report titled Implementation of Public – Private Partnership at Indira Gandhi International Airport, Delhi tabled on 17 August 2012 by the CAG (or the Comptroller and Auditor General of India). According to this report, 1.63 Lakh Crore (approx $29.4 billion) was lost by the people of India due to a deal entered between the Airports Authority of India and DIAL (Delhi International Airport Limited) for the lease of land.