List of Scams

Discussion in 'Politics & Society' started by just4nikhilesh, Aug 3, 2011.

  1. just4nikhilesh

    just4nikhilesh Regular Member

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    Prominant Scams Before 2005

    Harshad Mehta Big Bull Scam – 4000 crore
    Lalu’s Chara Ghotala – 950 crores – July 2008 IAS officer Sajjal gets four-yr RI for 39 crore scam
    Hawala Scandal – 5000 crores
    Bofors Scandal – 64 crores (Also Read: 1 2 3)
    Narendra Rastogi serial scammer – more than 43 crores (Read more 1)
    Dalmia Scandal – 595 crores
    Civil Aviation Minister Praful Patel fraud case-50 crores
    UTI Scam – 32 crores
    Mutual Fund Scam – 1350 crores
    Bansali Scam – 1200 crores
    Ketan Parekh’s Sebi Scam- 888 crores - June 08 – SC issues arrest warrant against Ketan Parekh
    Cobbler Scam – 1000 crores
    Bribe to allot petrol pumps scam
    Churhat lottery scam – ?
    Anantnag transport subsidy scam – ?
    Bangalore – Mysore Infrastructure Corridor – ?
    Kerala SNC Lavalin power scandal – 374.5 crore loss – Dec 09 – Accused CPM leader Vijayan gets bail in graft case.

    January 2005

    Telgi Scam – 171 crores - Telgi was sentenced 13 yrs RI and 100 cr fine. (Read More 1 2 Timeline 3)
    Mayawati’s Taj Corridor- 175 crores alleged scam – Case was dropped in 2007 by the pecial designated court due to insufficient evidence (Read more 1 Is Politics such a high paying profession ? 2 May 2008 -Mayawati attempts to stop CBI investigation 3)
    Motilal Goel Scam – 1000 crore

    February 2005

    West Bengal Telecom Scam – 400 crores
    India’s unchecked textbooks racket – estimated 225 crores
    Urea Scam – 133 crores

    March 2005

    Meghalaya lottery scam – 25000 crore

    April 2005

    Ration Card Scam – 3 crore
    Car Financing Scam – ? crore
    Junior Basic Trained teachers’ recruitment scam- ?

    May 2005

    Flood Relief Scam – 13 crores

    Let them eat plastic bags – Gautam Goswami

    June 2005

    Temple Lands Scam – 30 crores
    Franking Scam – 30 crores

    July 2005

    Volkswagon Equity Scam – 11 crores – Sep 10 – CBI names 6 accused
    National Slum Development Programme – 1.52 crores (Same guy of Flood Relief Scam May 05 who said “Victims can eat plastic bags”)
    Kerala State Electricity Board – 89.32 crores (alleged corruption worth Rs. 100 crores was also involved in the drinking water project)

    August 2005

    Indian Oil Corporation Scam – ? crores

    September 2005

    Just talks of investigation of scam shaves off 89000 crores from the market capital
    CBI nets 70 officials in all-India anti-corruption drive
    Nagmani Scam – 1.5crore
    Stamp Scam (Goa) – 30.19 crore

    October 2005

    Evasion of duty on High End Car’s – ? crore
    Okhla Industrial Development Authority (Noida) land scam – ? crore
    Employment Guarantee Scheme (EGS) Scam- 9.1 crore

    Delivering a talk on Corruption in democratic governance, Pandey said that “At present, the total amount of black money in India has been estimated to be in the range of Rs 50,000 crore and Rs 1,00,000 crore. The most worrisome is the fact that even those quarters that are supposed to fight corruption are not totally corruption-resistant”.
     
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  3. just4nikhilesh

    just4nikhilesh Regular Member

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    November 2005

    Local Area Development Scheme (MPLADS) Scam – ? crores
    National Agricultural Cooperative Marketing Federation of India (NAFED) Scam – 250 crores – Sep 2007 – HC pulls up CBI for not registering case

    “I am pained to observe that the law in this country punishes very harshly the small offenders involved in offences of stealing of small amounts to the tune of few hundreds or few thousands. ”Such accused are often sent to jail by the big fishes who defraud the exchequer of crores of rupees…they are dealt with by investigating agencies in a different manner and the law does not act with the same harshness to these offenders,” Justice Dhingra observed in a recent order. ”This attitude of the investigating agencies is beyong comprehension,” he said while directing the CBI to register a case against Pankaj Aggarwal, the alleged mastermind in the scam. Aggarwal has his business in Dubai.

    December 2005

    Election Fund Scam – ? Crores
    Operation Blackboard scam – 1000 crores
    Oil for Food Scam – ?
    January 2006

    Rice Scam – 320 crores
    Benami Demat Scam – 30 crores (Sanjay Pandey the same guy in cobbler scam pre 2005)

    February 2006

    Benami IPO Scam – 32 crores
    Liquor Scam – 3600 crores

    March 2006

    Jaitley an MP who allegedly bailed out Ketan Parekh in Madhavpura Mercantile Co-operative Bank scam case (see Pre 2005 list) one of the biggest scammers enjoys a lavish lifestyle.
    The controversial Scorpene Deal – ? crores

    April 2006

    MTNL GSM Scam – 450 crore

    May 2006

    Chautala Scam – 1400 crores
    BPL Red Cards Scam – 1400 crores
    June 2006

    The Great Wheat Scam – ?
    UTI Franchisee forgery – ? crores
    Punjab State Council of Education Research and Training (SCERT) Scam – more than 3 crores

    July 2006

    BPO Scam – more than 3 crore
    Bellary bribe – 150 crore
    Duty Exemption Pass Book (DEPB) scheme Scam – 10 crore
    August 2006

    Unaccounted money on sale of petrol pumps – 18 crores
    Punjab Chief Minister Captain Amarinder Singh goes on a multi-crore holiday extravaganza – 2.5 crores
    Tata Finance scandal – ? crores

    September 2006

    Top Punjab cops booked for wireless sets scam – 5 crores
    Koda Scandal – 2500 crores – Nov 09 – First arrest made Feb 10 – 1 crore ceized , Ujjawal Chaudhary, senior Income Tax (I-T) officer who was going to reveal connections with politicians and hawals traders abruptly shifted
    Punjab Chief Minister Captain Amarinder Singh in real estate fraud – more than 2100 crores (See Aug 2006)
    Earlier, all of them had got anticipatory bail from the Punjab and Haryana High Court. Today, they moved regular bail applications. A senior counsel of the Supreme Court appearing on behalf of Captain Amarinder Singh had stressed before the court that his client be granted regular bail till the conclusion of the trial.

    “We are discussing legal recourse to be taken in the Apex Court. We may even file public interest litigation before the Supreme Court asking for intervention in the case. It is a mockery of the law we are witnessing in the case. Scores of witnesses are going back on their words. We may even demand the CBI inquiry into the change of stance by the witnesses,” – Report of Jan 2008

    October 2006

    West Bengal State Consumer’s Federation Ltd (CONFED) Paddy Scam – ? crore
    SEZ Controversies – RBI fears of a revenue loss — some Rs. 170,000 crore over the next five years by way of income tax, excise and customs duties foregone (based on a NIPF study).
    Dharmesh Doshi, Madhavpura Cooperative Bank scam – 1030 crores
    Barak Missile Deal – 400 crore – The CBI case alleges that Rs 2 crore were paid to the president of a political party (Jaya Jaitley), who functioned from the residence of the then Defence Minister (George Fernandes). March 2008 Nandas claim innocence
    Blood Test Kit Scam – ?

    November 2006

    Bangalore Development Authority and Bangalore Mahanagara Palike on illegal constructions – 180 crore
    NSDL and CDSL bags illegitimate profits in an IPO manipulation scam – 116 crore

    December 2006

    SMS Con – 40-100 crore
    Agrofed job scam – ? crore
    Haj Quota scam- bribes taken to illegally procure seats from the Government’s subsidised Haj quota for 1 lakh muslims.
     
  4. just4nikhilesh

    just4nikhilesh Regular Member

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    January 2007

    Illegal Telephone Exchanges Scam – 1000 crores
    Non-Banking Financial Companies (NBFC) Scam – swindled 12,000 crores of small investors before leaving the state

    Karnataka State Government to award a meagre cash prize (Rs. 2,000) to Jayant Tinaikar, who reportedly exposed the fake stamp paper scam 12 years ago.

    February 2007

    Uranium Corporation of India Limited Scam – 20 crores
    Oriental Bank Scam – 596.44 crores
    Mandankumar Scam – 3.5 crores

    March 2007

    Pune Hassan Ali Khan Scam – 50 crores - I-T department, ED, and IB estimates that several thousand crore rupees were routed out of India(possibly swiss banks) through havala and banking channels.
    Congress MP Moni Kumar Subba from Tezpur, lied about his Indian nationality for 16 years manages to scam the country off by 25000 crores

    There is little chance of recovery in most of these cases as there are not many assets to recover the arrears, officials claimed.

    April 2007

    Air Ticket Booking Scam – 13 crores
    The Royapettah Benefit Fund (RBF) in Chennai went bust drowning Rs 450 crore and leaving investors and depositors in the lurch a company allowed to operate by RBI.
    Fertilizers Subsidies Scam – ? crores
     
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  5. just4nikhilesh

    just4nikhilesh Regular Member

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    May 2007

    Arunachal Pradesh’s corrupt governance: 1000 crores .Misappropriation under former CM Gegong Apang and present incumbent Dorjee Khandu) Aug 10 - Apang arrested

    There were a number of cases regarding mismanagement in the Public Distribution System. People in the villages were not getting enough food allotted by the Centre. Cooperative rural banking scams affected small depositors like labourers and teachers. The hydel power sector was also in doldrums.

    Sampoorn Gramin Rojgar Yogana Scam – 457 crores . Dec 07 – Scam referred to CBI.

    A muti-crore scam under which the poor were deprived of foodgrains under the state scheme. A systematic loot was taking place in the state and the government was not willing to give permission for holding a CBI probe into the scam running into crores of rupees.

    Warehouse Receipts Scandal – 500 crores

    July 2007

    Stock Holding Corporation of India Limited (SHCIL) Scam – ?
    Hyderabad Metropolitan Water Supply and Sewerage Board (HMWS&SB) Scam – ?
    Punjab Public Service Commission (PPSC) recruitment scam – 8 crores

    Three judges of the High Court were found taking favours from Ravi Sidhu, former PPSC chairman. On April 19, 2004, 25 sitting judges of the High Court had gone on mass leave protesting Chief Justice B K Roy’s move to seek an explanation from two judges, Justice Vinay Mittal and Varinder Singh, who had allegedly applied for membership of a private golf course, Forest Hill Resort Club. The club was involved in litigation and was later demolished on the orders of the High Court. The club was illegally constructed in complete violation of Forest and Environment laws. Honorary memberships were given to IAS officers and the two judges to legitimise the illegalities

    August 2007

    Delhi Development Authority canteen owner Ashok Malhotra owned more than 50 cars and 10 motorcycles were recovered, all bearing special VIP number plates. Raid unearthed 5000 land documents, ? crores
    Former Supreme Court Chief Justice YK Sabharwal was involved in dubious judicial deal-making that earned his sons huge profits. – ? crores

    September 2007

    Kerala State Cooperative Bank Scam – 2000 crores
    Aircraft Import Scam – 1059 crores
    Leave Travel Concession (LTC) Scam – loss of Rs 200 crore to Government and PSUs.
    Indian Space Research Organisation (ISRO) Land Scam – ? crores

    ‘ISRO comes directly under the prime minister and it is they who have to launch an inquiry and not us. If they are ready for it, then the state government will provide all necessary help,’ – Kerala Chief Minister V.S. Achuthanandan

    October 2007

    Das filed the petition challenging the actions of the banks in waiving of around Rs 2,300 crore of public money arbitrarily without any valid reason. Describing this as the largest single waiver in the history of Indian banking industry.
    Fake housing projects in north India – 500 crores - Y S Rana from Delhi. Rana was the owner of PS&G Developers and Engineers Ltd arrested by EOW.
    Kidney Transplant Racket – ? crores more than a 1000 victims.
    Many innocent labourers lost their kidney in lure of money and job.The racket is believed to be spread in various states, including Jammu and Kashmir, Rajasthan, Haryana, Delhi and Maharashtra. Source
    Coal India Ltd illegally diverted at least Rs10 crore from the funds it had collected for over a decade and meant for the Prime Minister’s National Relief Fund (PMNRF).

    Part of the funds collected at the time of the Kargil war for the NDF have been transmitted as late as 27 August 2007, after the initiation of this inquiry.” The Kargil war happened in 1999.

    December 2007

    Funds collected for victims of the Kargil war, Orissa cyclone and Gujarat earthquake were misused by top IAS officers in Punjab – the documents prove that officers posted as deputy commissioners in Ludhiana, Patiala and Sangrur misappropriated and misused crores of money while heading the Red Cross societies in their districts.
    Lucknow Development Authority (LDA) Land Scam – 6 crores

    January 2008

    Punjab VB arrests whistle-blower

    Punjab vigilance bureau is penny wise and pound foolish. A sub-divisional officer (SDO) who blew the whistle on a scam worth crores was arrested by the bureau in an alleged graft case (see pre 2005 SNC Lavalin). While the SDO has been suspended, his own report on the utilisation of border area funds — exposing what is probably the tip of the iceberg — is gathering dust.

    February 2008

    Kolkotta Museum Scam – 18 crores

    One of the biggest repositories of the country’s cultural and historical heritage, has been siphoning off crores of rupees under the pretext of preserving priceless artifacts, a probe has found.

    March 2008

    Senior Punjab IAS officer suspended for going out of his way to help a company by hiring it without inviting tenders and extending advances without proper bank guarantees. The company failed to repay, causing loss of Rs 20 crore to the corporation.
    KPMG – India is “fraud haven”

    April 2008

    BCCI Dalmiya Scam – ? crores
    Illegal export of sandalwood – 5 crores

    June 2008

    Madhya Pradesh Health Minister Ajay Vishnoi quits after Income Tax raid on brother’s premises – 500 crore
    Hotel Le Meridien Credit card skimming – 1 crore

    July 2008

    Parliamentary horse trading – ? crores
    Ghaziabad Provident Fund scam – 23 crores – involved 83 accused included 36 judges, including one sitting Supreme Court judge, 11 High Court judges and 24 judges of subordinate judiciary. Beneficiaries of the ill-gotten money which was siphoned off fraudulently on the basis of fake documents and fictitious government servants and withdrawal of crores of rupees from the provident fund account of third and fourth-grade employees in Ghaziabad region between 2001 and 2008.(Read more 1) Chief Justice of India KG Balakrishnan denied heading the bench hearing (Read more 1) Dec 08 – CBI says it would seek permission to interrogate the judges. Oct – 09 – Key accused dies of heart attack while in custody Jul 10 No evidence against 17 out 41 judges and 24 remaining judges

    Ghaziabad police sought permission from the Chief Justice of India and Allahabad Court to initiate a probe against the judges accused in this scam. While the Allahabad High Court dismissed the petition summarily, at the Supreme Court, Chief Justice K. Balakrishnan handled the request with remarkable astuteness and ordered a novel method of investigation that would protect the prestige and the reputation of the judiciary as far as possible.

    August 2008

    Fake Currency Scam in Uttar Pradesh Bank – 1.5 crores

    September 2008

    Fake RBI Cheques Scam – 14 crores

    October 2008

    Shirdi Ghat Repair – ? crores

    November 2008

    Mid Day Meal Scam – 15.37 crores
    2G Spectrum Scam – 1,76,000 crores Dec 08 – Center claims that charges are baseless (Read more 1 2 3 4)
    Satyam Computer’s Emergency Management Research Institute (EMRI) Ambulance Services Scam – 5600 crores

    December 2008

    E-ticketing fraud – 5 crores

    January 2009

    11 Directors of National Agricultural Marketing Federation of India (Nafed) face criminal action in a Rs3,700 crore fraud.
    Satyam Fraud – 7 to 14000 crores – Pricewaterhouse Coopers saw no fraud in Satyam – Nov 09 CBI arrested Satyam’s internal audit head V S Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm. Jul 10 – Promoters wrongfully gained 2643 crores (Read more 1 2 3 4 5 6 7)

    Reports said that investors like DSP Merrill Lynch, DSP Blackrock, ILFS Financial Services and Deutsche Bank offloaded their shares days before Satyam fraud came out in open.

    [/caption]

    May 2009

    Computer Purchasing Fraud – 1.53 crores
    Divine Homeopath Investment Manager – 1600 crore
    Ordnance Factory Board (OFB) arms deal scam – ? crores - Jul 10 - 6 firms get blacklisted
    Dr A S Bindra father of ace shooter Abhinav Bindra and managing director of Punjab Meats Limited, Dera Bassion had charges of cheating, fraud and forgery. He committed fraud with a Delhi-based private financial company, Apple India, to the tune of Rs 4.31 crore and with the IndusInd Bank to the tune of Rs 5 crore.

    June 2009

    Ashok Jadeja Divine Ayurved and Money Multiplier – 100 to 1600 crores (Read more 1)
    MCD 45000 Fake Employees Scam – 500-1000 crores annually

    July 2009

    Bitumen Scam – more than 100 crores
    Chhattisgarh Paddy Scam – 4000 crores

    August 2009

    All India Council of Technical Education bribery scam – ? crores – Chairman R.A. Yadav, who drew a monthly salary of about Rs 80,000, had amassed property worth crores.
    Metal Scrap Scam – ? crores
    SBI Kanpur – 52 crores - Assistant General Manager, 2 Chief Managers and some senior managers, who were suspected to be directly involved in pilfering the bank by crediting fake cheques into select accounts.

    September 2009

    Austra Coke – 1000 crores
    Bollywood star Nasir Khan figures in multi crore rupee chit fund scam – 191 crore

    October 2009

    Gold Quest Scam – 1100 crore

    December 2009

    Dr Suresh Dhotre medicine fraud – 47 crores

    January 2010

    IAS officer Pradeep Sharma Bheed Bazaar Land allotment scam – 70 crores
    Railways and LIC Scam – 400 crores

    February 2010

    Bhopal Home Loan Scam – 2 crores
    Wipro Embezzlement Fraud – 180 crores
    Chak De India Scam – ?
    PAN Card Scam – 3 crores

    March 2010

    Kandla Port Trust (KPT) Scam – ? crores – 16000 acres of land was leased out to few parties at nominal rates.
    Fake Income Tax Returns Scam – 6 crores
     
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  6. just4nikhilesh

    just4nikhilesh Regular Member

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    April 2010

    President of the Medical Council of India (MCI), Dr Ketan Desai in college scam – 500 crores - Demanded Rs 40 lakh from students seeking admission in a capitation fee racket and money for allotting seat as a management quota student. (Read more 1 2)
    Financial Fraud hits 87% of Indian companies

    Perception of Fraud in India

    Satyam Scam Timeline

    June 2010

    Canara Bank defrauded – 9.14 crore
    Railway Recruitment Board Paper Leak – 15.5 crore

    July 2010

    Lalit Modi Indian Premier League (IPL) Scam – 1200 crores

    August 2010

    Commonwealth Games Scam – 8000 crores

    September 2010

    Senior citizen savings scheme (SCSS) Post Office Scam – 2 crores

    October 2010

    International Film Festival of India (IFFI) Infrastructure creation Scam in Goa – ? crores
    Adarsh Society Scam – ? crores

    November 2010

    State-owned Mineral Scrap Trading Corporation (MSTC) was defrauded by jewelery traders – 1400 crores

    December 2010

    Citibank swindle – 300 crores


    The most famous but still secret for India news media….Rajiv Gandhi’s swiss bank account proof…. The most popular magazine of Switzerland, Schweizer Illustrierte, [dated November 11, 1991] did an expose of 14 politicians of deve
     
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  7. tarunraju

    tarunraju Moderator Moderator

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    Great job compiling all this.
     
  8. just4nikhilesh

    just4nikhilesh Regular Member

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    last but not least padmnabh swami temple scam which is exposed at future
     
  9. just4nikhilesh

    just4nikhilesh Regular Member

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  10. Daredevil

    Daredevil On Vacation! Administrator

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    Thanks for compiling the list Nikhilesh. It would be great if you could also add some links to the news to such scams as it will serve as a good resource.
     
  11. just4nikhilesh

    just4nikhilesh Regular Member

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    this time i say sorry but i try to find source
     
  12. thakur_ritesh

    thakur_ritesh Administrator Administrator

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    just4nikhilesh,

    awesome man, well done. can you also put a figure of where does all this stand at, as in a total figure in value terms.
     
  13. just4nikhilesh

    just4nikhilesh Regular Member

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    please notice that after every big scam their is terrorist attack or any other big issue to hide that scame like
    CWG - petrol price
    2 g scam - padmnabh temple wealth
    padmanabh temple wealth _ mumbai blast (till date no terrorist link no one take responsibility of attack did gov do that blast ? )
     
  14. Vyom

    Vyom Seeker Elite Member

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    It would have been great if you could have also added the ruling governments under whose regimes these scams were committed. That would give a fair amount of idea about the future of the nation.
     
  15. bhramos

    bhramos Elite Member Elite Member

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    this is Summary of all scams in India since 1947........ and counting .......
    Here is a summary of all scams since independence. These may not be the only ones. These are the ones that were caught and brought to the notice of the public.

    In total, this is coming upto Rs. 910,603,234,300,000, which is equal to USD 20.23 trillion. With this huge amount, India will become a super-power overnight and can permanently kill all social problems mainly poverty and unemployment.

    Take a detailed look at the list. Great work by the person who compiled it.
     
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