17-04-2013, 03:35 PM
SCAMS IN INDIA
SCAMS IN INDIA.pdf (Size: 404.34 KB / Downloads: 56)
Top 10 scams in India
1.2G Spectrum Scam
2.Commonwealth Games Scam
3.Telgi Scam
4.Satyam Scam
5.IPL Scam
6.Bofors Scam
7.Harshad Mehta Stock Market Scam
8.The Fodder Scam
9.The Hawala Scandal
10.Citibank Fraud
2G Spectrum Scam
2G scam, a fiddle of 1.76-lakh crore in the telecom industry of India. The cases are still on in the Special CBI Court and seem to be unearthing more swindles.
Commonwealth Games Scam
The CAG report indicted that out of Rs 7000 crore intended to be spent on the Games, only half the amount was spent on Indian Sportspersons. Not only did the scam put Suresh Kalmadi, the sacked CWG Chairperson behind bars, but the recent report has also indicted Sheila Dikshit, Chief Minister, New Delhi of causing financial irregularities which led to huge losses to the government.
Telgi’s Stamp Scam
•One of the most dramatic scams in India, Abdul Karim Telgi was the mastermind behind the whole idea of printing forged duplicate stamp papers that made its way into the banks and other institutions. Estimated at a massive cost of Rs 20000 crore, the fake stamp paper and stamp had infiltrated 12 states.
Other Scams……..
•Satyam Scam -7000 crore
•The Fodder Scam -950 crore
•Bofors Scam -16 million dollar
•The Hawala Scandal –18 million dollar
•Harshad Mehta Stock Market Scam –5000 crore
•Citibank Fraud –400 crore