The
word scam and corruption have become synonymous with the campaign that Anna
Hazare, along with his supporters, has undertaken.
These
two words are, almost entirely, responsible for the political and social state
that our country is in today. The entire nation suffered economically and faced
humiliation because of the greed of a few individuals.
1. Indian Black Money Scam
Cost: Rs. 7,280,000 Crores
Face
of the Scam: Hassan Ali Khan
This
scam can be said to be the almost immediate cause of the anti-corruption
movement being faced by the country. The revelation about the huge sums of
money being stashed away in Swiss banks served as an impetus to rally against
the government that had been ignoring it. The magnanimity of the situation came
into focus when Indian businessman was arrested on money laundering charges
which was to the tune of Rs. 39,120 crores.
2. CWG Scam
Cost: Rs. 70,000 crores
Face
of the Scam: Suresh Kalmadi
The
Commonwealth Games held in India was an even that was soaked in controversies
and corruption to say the least. While the organizing committee drew flak for
various allegations like child labour, sex slavery, environmental impact,
racism and financial costs, the one that shocked the nation was the humungous
amount of funds that had been mishandled by them. The chairman of the
organizing committee was, resultantly, arrested on charges of 'criminal
conspiracy and cheating.'
3. 2G Spectrum Scam
Cost: Rs 176,000 crore
Face
of the Scam: A. Raja & M. K. Kanimozhi
The
2G scam is one of the latest scams that have hit our country driving it to
incur huge losses. And caught at the centre of the embarrassing controversy was
the Telecom Minister, A. Raja himself. The scam became bigger with new
revelations of the involvement of politicians, bureaucrats, corporate
personalities, media persons and lobbyists. The granting of licenses to various
companies led to a massive loss to the exchequer. Also, daughter of political
heavyweight, M. Karunanidhi, M. Kanimozhi was also arrested on charges of being
a co-conspirator in the scandal.
4. Scorpene Submarine Scam
Cost: Rs 18,978 crores
Face
of the Scam: Ravi Shankaran
The
Scorpene submarines scam was one of the biggest corruption scandals faced by
the country and including the navy. In the scandal, secret Navy documents were
sold to the makers of the Scorpene submarine. The Indian government had
approved the 19,000 crore submarine deal with the French company. The purchase
of six Scorpene submarines cost the Indian government a lot more than its
actual price.
5. Stamp Paper Scam
Cost: Rs 20,000 crores
Face
of the Scam: Abdul Karim Telgi
The
Stamp Paper scam was perhaps the most innovative scam in the list. Abdul Karim
Telgi, a former fruits and vegetables seller, duped the nation of crores of
rupees by printing fake stamp papers. He began his counterfeit career by making
fake passports after which he started selling fake stamp papers to banks,
insurance companies, share broking firms and bulk purchases. What was
surprising, was the involvement of many police officers and other government
employees. In fact, one police officer was said to have assets worth Rs. 100
crores despite earning only Rs. 9000 a month.
6. Bofors Scam
Cost: Rs. 400 million
Face
of the Scam: Ottavio Quattrocchi
The
Bofors scandal that hit the country was a major corruption scandal which
changed the fate of the, then ruling, Congress party. Top politicians like
Rajiv Gandhi and S.K. Bhatnagar and high profile names like Win Chadha and the
Hinduja family 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 such that it immediately led to the defeat of the government
headed by Rajiv Gandhi. Italian businessman Ottavio Quattrocchi, was the prime
accused in the scandal and was chased by the CBI for years.
7. Mining Scam
Cost: Rs. 300,000 crores
Face
of the Scam: Naveen Patnaik government
This
scam was plundering at its best with the Naveen Patnaik led government
exploiting the state's minerals to the tune of lakhs of crores of rupees.
Apparently, the mine owners had been illegally using fake Transit Passes to
transport minerals from Orissa to other states. The plundering was a large
scale one and involved many high profile people from the government and
bureaucracy.
8. Fodder Scam
Cost: Rs. 950 crores
Face
of the Scam: Lalu Prasad Yadav
Bihar's
most famous scam was the one involving fodder and ex- Chief Minister Lalu
Prasad Yadav. The officials of the Bihar state government embezzled funds worth
Rs. 950 crores by fabricating vast herds of fictitious livestock for which
fodder, medicines and animal husbandry equipment were acquired. Soon, Lalu
resigned from the post following immense pressure from all quarters owing to
his close involvement in the case.
9. Hawala Scam
Cost: US$ 18 billion
Face
of the Scam: L.K Advani/ Late Narasimha Rao
Hawala
scam was probably the first scam that gave the public an idea of the the loot
of national treasure that was being implemented by the top politicians. The scam
revolved around the payments that the politicians received from hawala brokers,
who basically fund terrorism around the globe. Many prominent politicians like
LK Advani, Arjun Singh, Yashwant Sinha, Kalpnath Roy, VC Shukla, Madhavrao
Scindia, Sharad Yadav, Buta Singh, Natwar Singh and Madan Lal Khurana were
indicted in this case, but no action was taken against them due to lack of
hardcore evidence.
10. Satyam Scam
Cost: Rs. 14,000 crores
Face
of the Scam: B. Ramalinga Raju
The
Satyam Scam was the biggest corporate scam that the country ever saw. The
founder of the Satyam Group, Raju, resigned after he admitted to fudging the
account books for years and falsely inflating the profit figures and revenues
of Satyam for years. The credibility of the company fell hugely, owing to the
scam and it was finally taken over by the Mahindra Group.
THIS ALL INFORMATION IS COLLECTED FROM DIFFERENT
LINKS...!!!