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Every year billions of rupees go down the drain by the evil of corruption. This not only impacts the GDP but significantly contributes to the tarnished image of the country to the outside world. Despite the strict, norms and regulations we get to hear at least one big scam happening every year. here is the list of 6 biggest scams that are big enough to sustain a small country for years!!
1. 2G spectrum scam
Surfaced in 2008, it was a scam that involved top politicians and private officials.
they were accused of undercharging mobile telephone companies for frequency allocation licenses which they used to create 2G spectrum subscriptions for cell phones.
it was claimed that the magnitude of the scam was around 2,00,000 crores!!
all of the defaulters were arrested in 2012.
2. Commonwealth Games Scam
Under the leadership of Suresh Kalmadi who was
the chairman of the organizing committee of the games.
the scam was of 70,000 crore rupees and it
was alleged that only half of the amount was spent on Indian sportspersons and
managing the commonwealth games held in Delhi in 2010.
3. Satyam Scandal
Popularly dubbed as ' India's Enron
scandal' it came into limelight in the year 2009 when the chairman of Satyam B
Ramalinga Raju resigned after confessing that he had manipulated the amount
close to 14000 crore rupees into various forms.
PWC who worked as independent auditors for
Satyam was also accused of the theft and was booked with the charges
4. PNB Scam
This scam directly relates to the
fraudulent letter of undertaking worth more than 11000 crore rupees issued by
Punjab National Bank in one of its Mumbai Branch making the bank liable.
People named Nirav Modi, his wife, and Uncle
Mehul Choksi were all partners of the diamond firms and are booked under the
charges along with PNB employees.
5. The Fodder Scam
A scam involving a very famous politician
Lalu Prasad Yadav where more than 940 crores were embezzled from the govt
treasury of the eastern Indian state of Bihar.
In 2017, Lalu Prasad Yadav was convicted by
a special CBI court for the theft.
6. The Coal Scam
Probably one of the biggest scams in the
history of Indian administration this revolves around a humongous amount of
15000 crores being allocated by the Indian government to the nation's coal
deposit to public sector enterprises.
The CAG had accused the government of India
of allocating coal blocks inefficiently during the period 2004-2009.
Written By- Harshit Sharma
Edited By - N.Nargis Fathima
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