5 Biggest Scams In India

Corruption in simplest form can be defined as the misuse of public power (by elected politician or appointed civil servant) for private gain. Corruption is a phenomenon which has spread worldwide. It’s not very strange to say that India is also completely poisoned by corruption. From school principles to government officials everywhere there is corruption.

In present scenario, uncorrupted politicians are very hard to find. Corrupt politicians not only go scot-free, unharmed and unpunished, but they also manage to stand on the political stage as honorable leaders.

India has faced a number of political scandals in last two decades. Top five biggest scams in India can be listed as:

  1. INDIAN COAL ALLOCATION SCAM- 2012 – 1,86,000 CRORE.


The most famous coal controversy in 2012.  The Indian coal allocation scam is a political controversy highlighting the nation’s irregularities in the matter of handling national coal deposits. The opposition was that the Congress has made an irregular distribution allocation of the coal deposits between the public sector entities and the private companies during the period from 2004 to 2009. As a matter of fact, the estimate of the total of the coal scandal is nearly Rs. 1,067,303 crore.

 

  1. COMMONWEALTH GAMES SCAM- 2010- 70,000 CRORE.

Commonwealth games were severely criticized by several prominent Indian politicians and social activists because billions of dollars have been spent on the sporting event. Serious corruption by were done by officials of the Games’ Organising Committee, delays in the construction of main Games’ venues, infrastructural compromise, possibility of a terrorist attack, and exceptionally poor ticket sales before the event.

 

 

  1. SATYAM SCAM- 2009- 14,000 CRORE.

Mahindra Satyam (formerly Satyam Computer Services) is an Indian IT services company based in Hyderabad.  The company, Satyam Computer Services Ltd, lied about its financial health by grossly inflating its account to stakeholders, board, regulators etc. As per the reports, the raised cash was used to purchase thousands of acres of land across Andhra Pradesh.  Satyam’s promoters, two brothers B, Ramalinga Raju and B Rama Raju were arrested by the State of Andhra Pradesh police and the Central government took control of the tainted company.

 

  1. 2G SPECTRUM SCAM- 2008- 1,76,000 CRORE.

The 2G Spectrum scandal involved undercharging mobile telephony companies for frequency allocation licenses and the shortfall of money is estimated to be Rs. 176,645 Crore. The main person accused of this scam was the then Telecom Minister Mr. A Raja.

  1. THE FODDER SCAM- 1990s- 1,000 CRORE.

 

The Fodder scam was a corruption scandal that involved the embezzlement of about 9.4 billion from the government treasury of the eastern Indian state of Bihar.Nexus was traced involved in the fabrication of “vast herds of fictitious livestock” for which fodder, medicine and animal husbandry equipment was supposedly procured.  Serious steps are to be taken to uproot this evil from our society. Corruption has got very deep in the society it will take a lot of time to get over it. According to A.P.J. Abdul Kalam“If a country is to be corruption free, I strongly feel there are three key societal members who can make a difference. They are the father, the mother and the teacher.”

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