Top Ten scams of India under UPA rule:

1) 2G SPECTRUM SCAM: We have had a number of scams in India; but none bigger than the scam involving the process of allocating unified access service licenses. At the heart of this Rs.1.76-lakh crore worth of scam is the former Telecom Minister A Raja – who according to the CAG, has evaded norms at every level as he carried out the dubious 2G license awards in 2008 at a throw-away price which were pegged at 2001 prices.

2) Commonwealth Games Scam: Another feather in the cap of Indian scandal list is Commonwealth Games loot. Yes, literally a loot! Even before the long awaited sporting bonanza could see the day of light, the grand event was soaked in the allegations of corruption. It is estimated that out of Rs. 70000 crore spent on the Games, only half the said amount was spent on Indian sportspersons. The Central Vigilance Commission, involved in probing the alleged corruption in various Commonwealth Games-related projects, has found discrepancies in tenders – like payment to non-existent parties, will-ful delays in execution of contracts, over-inflated price and bungling in purchase of equipment through tendering – and misappropriation of funds.

3) TELGI SCAM: As they say, every scam must have something unique in it to make money out of it in an unscrupulous manner- and Telgi scam had all the suspense and drama that the scandal needed to thrive and be busted. Abdul Karim Telgi had mastered the art of forgery in printing duplicate stamp papers and sold them to banks and other institutions. The tentacles of the fake stamp and stamp paper case had penetrated 12 states and was estimated at a whooping Rs. 20000 crore plus. The Telgi clearly had a lot of support from government departments that were responsible for the production and sale of high security stamps.

4) SATYAM SCAM: The scam at Satyam Computer Services is something that will shatter the peace and tranquillity of Indian investors and shareholder community beyond repair. Satyam is the biggest fraud in the corporate history to the tune of Rs. 14000 crore.
The company’s disgraced former chairman Ramalinga Raju kept everyone in the dark for a decade by fudging the books of accounts for several years and inflating revenues and profit figures of Satyam. Finally, the company was taken over by the Tech Mahindra which has done wonderfully well to revive the brand Satyam.

5) BOFORS SCAM: The Bofors scandal is known as the hallmark of Indian corruption. The Bofors scam was a major corruption scandal in India in the 1980s; when the then PM Rajiv Gandhi and several others including a powerful NRI family named the Hindujas, were accused of receiving kickbacks from Bofors AB for winning a bid to supply India’s 155 mm field howitzer. The Swedish State Radio had broadcast a startling report about an undercover operation carried out by Bofors, Sweden’s biggest arms manufacturer, whereby $16 million were allegedly paid to members of PM Rajiv Gandhi’s Congress. Most of all, the Bofors scam had a strong emotional appeal because it was a scam related to the defense services and India’s security interests.

6) THE FODDER SCAM: If you haven’t heard of Bihar’s fodder scam of 1996, you might still be able to recognize it by the name of “Chara Ghotala ,” as it is popularly known in the vernacular language. In this corruption scandal worth Rs.900 crore, an unholy nexus was traced involved in fabrication of “vast herds of fictitious livestock” for which fodder, medicine and animal husbandry equipment was supposedly procured.

7) THE HAWALA SCANDAL: The Hawala case to the tune of $18 million bribery scandal, which came in the open in 1996, involved payments allegedly received by country’s leading politicians through hawala brokers. From the list of those accused also included Lal Krishna Advani who was then the Leader of Opposition. Thus, for the first time in Indian politics, it gave a feeling of open loot all around the public, involving all the major political players being accused of having accepted bribes and also alleged connections about payments being channelled to Hizbul Mujahideen militants in Kashmir.

8) IPL SCAM: Well, I am running out of time and space over here. The list of scandals in India is just not ending and becoming grave by every decade. Most of us are aware about the recent scam in IPL and embezzlement with respect to bidding for various franchisees. The scandal already claimed the portfolios of two big-wigs in the form of Shashi Tharoor and former IPL Chief Lalit Modi.

9 and 10) HARSHAD MEHTA & KETAN PAREKH STOCK MARKET SCAM: Although not corruption scams, these have affected many people. There is no way that the investor community could forget the unfortunate Rs. 4000 crore Harshad Mehta scam and over Rs. 1000 crore Ketan Parekh scam which eroded the shareholders wealth in form of big market jolt.

Where was the need for police to clamp prohibitory orders under Section 144 Cr P C at Baba’s fast venue

Baba Ramdev was carrying out a movement against corruption in a most peaceful and democratic manner.

The way in which police used force and fired tear-gas shells at his supporters was highly condemnable,

Views: 147


You need to be a member of Bihar Social Networking and Online Community - Join Today to add comments!

Join Bihar Social Networking and Online Community - Join Today

Comment by abhishek ranjan on June 13, 2011 at 3:05pm

manmohan singh waise ship ko chala rahe jo kabhi bhi abandon ho sakta hai


Comment by Ranjan kumar jha on June 7, 2011 at 3:51pm
The Bharatiya Janata Party (BJP) on Monday accused the Congress-led United Progressive Alliance (UPA) government of corruption in the distribution of coal.

The BJP accused the Central government of causing losses to the tune of Rs.85,000 crore in the allotment of coal blocks between 2006 and 2009.

The UPA government had introduced the 'Mines and Minerals Amendment Bill' in 2006, which proposed auction in place of free allotment on first-come-first-served basis.

According to the BJP, witnessing the large rush for the auction, the government should have stopped the allotments till the successful passage of the Bill, rather than distribute the coal blocks to private parties.

Addressing a news conference in New Delhi, BJP leader Hansraj Ahir claimed that the Congress had indulged in financial malpractice in the process of allotting 73 coal blocks worth Rs.51 trillion to 143 private parties.

"The said coal is worth Rs.51 lakh crore. This is the real price of the 1,700 crore metric tonnes of coal that the government has given free of cost to the private companies. The government has indulged in corruption in distributing such a huge amount of the valuable resource to the private companies," said Ahir.

In a statement, the BJP revealed that 51 companies were allotted coal blocks in 2006, 19 companies in 2007, 41 companies in 2008 and 32 companies in 2009, at a rate of Rs.50 per metric tonne.

When calculated, the loss incurred by the exchequer due to the scam amounts to more than Rs.85,000 crore, the BJP claimed.

Ahir also criticized Prime Minister Dr. Manmohan Singh for allegedly 'facilitating' the scam, as he had presided over the Coal Ministry after the resignation of the then-Coal Minister Shibu Soren.

Singh was in-charge of the Ministry till Sriprakash Jaiswal took over in 2009.

Stressing on Singh's alleged culpability in the scam, Ahir demanded an explanation from the Prime Minister about his perceived involvement in the case.

"The entire scam has taken place under the supervision of the Prime Minister. Now he cannot wash his hands off the controversy by saying he was not aware, like he did in the telecom scam. The said transactions were carried out under the eyes of the Prime Minister, this is our party's allegation," Ahir said.

"So, we demand an explanation from the Prime Minister. Since this is not related to a ministry, he himself is involved in the case," he added.

Ahir wanted the Supreme Court to investigate the matter and urged the Comptroller and Auditor General of India to conduct an impartial audit into the case.
Comment by Ranjan kumar jha on June 7, 2011 at 3:43pm
With Delhi Police refusing permission for day-long hunger strike at Jantar Mantar on Wednesday, civil rights activist Anna Hazare on Tuesday decided to shift the venue to Rajghat to avoid confrontation.

The announcement was made by his associates Arvind Kejriwal, Prashant Bhushan and Kiran Bedi, while contending the denial permission to hold peaceful protest was against the basic Constitutional rights of citizens.

Hazare and others will launch the day-long hunger strike to protest the crackdown against Ramdev's congregation against corruption at Ramlila Maidan on Saturday night.

The Hazare-led protest will be held in the vicinity of Rajghat from 10 am tomorrow and will be accompanied by fast, an all-religion prayer meeting and a debate on Lokpal Bill.

"The Delhi Police Commissioner (B K Gupta) has told us that there is no permission to sit (on fast) there (Jantar Mantar) and directed us not to sit there," Bhushan said about the venue which falls in New Delhi district where Section 144 has been imposed to prohibit gathering of more than four persons at one place.

"We are not fighting with them (police)," he told reporters adding that they had accordingly decided to shift the venue to Rajghat where Section 144 is not in force.

Kejriwal said, "we have no intention for confrontation. Our intention is only for peaceful protest."

At the same time, he said the denial permission was violation of Article 19(1) and 19(2) which gives freedom of speech to everyone.

Echoing Kejriwal's views, Bhushan said the Delhi Police should not do this otherwise people will have to resort to other means to express themselves
Comment by Ranjan kumar jha on June 6, 2011 at 8:59am
List of Corruption under UPA Govt.

Insurance Scam
Telecom scam (Sukh Ram)
HDW Submarine
Bitumen scam
Tansi land deal
Securities Scam
JMM Bribery Scandal
St Kitts case
Urea scam
CRB Scam
Anantnag transport scam
1971 Nagarwala scandal
Fooder scam
Churhat lottery scam
Bofors Scandal (1990)
Animal Husbandry Case (1990)
Bombay Stock Exchange Fraud
Hawala scandal (1993)
Bangalore-Mysore Corridor (1995)
Sukh Ram (1996)
Fodder Scam in Bihar (1996)
Kerala SNC Lavalin power scandal(97)
Home Trade
Ketan Parekh Scandal,
Barak Missile Deal Scandal,
Tehelka Scandal (2001)
UTI Scam
Taj corridor case (2002–2003)
Telgi scandal (2003)
DSQ Software
IPO Scam- karvy
Oil-for-food programme scam (Natwar) (05)
Human Trafficking Scam (Babubhai Katara)
Cash-for-votes scandal
Satyam scandal
2G Spectrum- 2008
Madhu Koda, laundering money Rs. 4000 Cr


Funny Video

Started by People of Bihar Jul 31, 2017. 0 Replies

Industrilisation in bihar? how!

Started by Ca Subhash Kumar Singh. Last reply by Rajesh kumar jha Mar 10, 2017. 3 Replies

Markanadya Katju on Giving Bihar to Pakistan

Started by People of Bihar Oct 2, 2016. 0 Replies

Developing our own state instead of migrating to other parts of the country.

Started by Rannkumar chaurasia. Last reply by Rannkumar chaurasia Oct 6, 2014. 11 Replies

Vijay Goyal: STOP UP Bihar People to come to Delhi

Started by People of Bihar. Last reply by Ashutosh Kumar Sinha Aug 2, 2014. 2 Replies


© 2019       Powered by

Badges  |  Report an Issue  |  Terms of Service