India - Scams gallery

Jawaharlal Nehru 1947–1964

Jeeps scam

In the next year of independent India, first scam took place. VK Krishna Menon, who was high commissioner in Britain made a deal with foreign company for army jeeps by crossing the regulations. He had made the deal of Rs. 80,00,000 and this was found out in 1955 when he was in the ministry of Jawaharlal Nehru.

Cycles scam

Cycles imports scam took place in 1951. SA Venkataraman who was the industrial minister was bribed and he gave the permission to a foreign country for the sale of their company cycles.

BHU scam

BHU scam took place in 1956 and it was the first scam among the scams in educational institutions. Authorities of Banaras Hindu university wasted Rs. 50,00,000 of the treasury.

Mundra scam

Mundra scam which took place in 1957 was brought out by media. Haridas Mundra who belongs to Kolkata sold the shares of LIC by cheating the authorities. Jawaharlal Nehru who was the Prime Minister kept a case on him in Supreme court and it is declared that Mundra had sold non-existing shares which were of Rs.1.25 crores. LIC company was at a great loss. Mundra was punished for 22 years of jail sentence and the finance minster T.T. Krishnamachary resigned from the post.

Teja loan scam

Teja loan scam took place in 1960. Jayanth Dhramateja took Rs. 22 crores as loan to establish Jayanth Shipping company but without establishing the company, he ran with the money.

Kairan scam

In Kairan scam in 1963, Pratap Singn Kairan resigned the post of chief minister after one year when he was blamed that he was misusing the powers and facilities of the minister for his personal life.

Lal Bahadur Shastri 1964-1966

Biju Patnaik corruption

In Patnai Selfgoal in 1965, Odessa Chief Minister Biju Patnayak resigned the post as he gave the government project for his own company which is Kalinga tubes company.

Indira Gandhi 1966-1977

Maruthi controversy

Indira Gandhi’s name was shouted out in Maruthi scam in 1974 that she was giving the license of the cars to her son Sanjay Gandhi before the company was established.

Indian oil scam

Indian Oil scam in 1976 was done by Indian oil company. It had made agreements with the Hongkong company which was not in existence and took bribes.

A R Anthule corruption

A.R. Anthule who was the chief Minister of Maharashtra in Past had taken Rs. 30 crores from the cement company and kept this money in a private trust.

Indira Gandhi 1980-1984

Churhat lottery scam

Churhat lottery scam involving Congress minister Arjun singh

Rajiv Gandhi 1984-1989

HDW submarine scam

See HDW submarine scam. HDW commissions scam was found in 1987 and in this scam, HDW submarine company had given Rs. 20 crores as commissions. So this company was blocked. The case was closed in 2005.

Bofors scam

See Bofors scam. Bofors scam took place in 1987 and Bofors Swedish company had said that it had given Rs. 64 crores of bribe to the Rajiv Gandhi and other popular people in India.

Saint Kits forgery

Saint Kits forgery took place in 1989 and forgery was done to show that VP Singh was also partner in the Rs.2.1 crores which was in his sons account in Saint Kits first trust corporation.

Indian Airlines controversy

Indian Airlines made Rs. 2000 crores contract with Airbus company even after A-320 flight accident. Flights were not issued but Rs.2.5 crores was the loss incurred.

PV Narasimha Rao 1991-1996

Solamki scam

Solamki scam took place in 1992. In this scam, Madhav Singh Solamki who was the foreign affairs minister had resigned the post as his letter to Switzerland foreign Affairs Minister was published by India Today magazine.

Securities scam

Securities scam in 1992 was done for Rs. 5000 crores. In this scam, Harshad Mehta had made the made the banks to invest the company’s money in various fields in stock market. Loss was incurred.

Indian Bank scam

See Indian Bank scam. Few popular people and other famous people took Rs. 1300 crores of loan from the Indian bank with the help of Indian bank chairman M.Gopala Krishna and did not pay back.

Sugar imports scam

Sugar imports scam in 1994 was another scam. Past Health minister Kalpanth Rai had imported the sugar for more price than the market price and as a result, there was Rs. 650 crores loss to the treasury.

MS Shoes scam

See MS Shoes scam. MS shoes scam also took place in 1994. Pavan Sachdev who was the owner of MS Boots company had bought the shares at very low price along with SB and SBI cops. So people had invested Rs. 699 crores in the shares.

JMM bribery

JMM bribes scam took place in 1995 and in this JMM had agreed that he and other three MPs had taken Rs. 30,00,000 to protect the P.V. Narasinha Rao government.

Lakhubhai Pathak cheating case

England-based NRI pickle king Lakhubhai Pathak, alleged that ‘godman’ Chandraswami and K N Aggarwal alias Mamaji, cheated him of $100,000 in 1983, promising they would get him a paper pulp supply contract. He accused P V Narsimha Rao, then minister in the Congress government.

Sukram corruption

There were rumors that Sukhram who was communication minister had agreed to buy the telecom devices from a company in Hyderabad and there was Rs.1.6 crore loss incurred for the government treasury. This scam took place in 1996.

Fodder scam

See Fodder scam. Bihar Animal Husbandry department withdrew Rs. 950 crores from the treasury for animal feeding in 1996. After one year, Lalu Prasad Yadav had resigned the post as he was also one of the partners in the scam.

Urea scam

Urea agreement in 1996 was another scam in that year. CS Ram Krishnan had taken Rs. 133 crores from the government to supply urea but he did not supply urea.

Hawala scam

See Hawala scam. Hawala diaries scam took place in 1996 and it was brought in CBI ride on Hawala operators. SK Jain Diaries were a sensation in this scam.

IK Gujral 1997

CRB scam

CRB scam took place in 1997. Roop Bansali had established Pyramid business company and collected thousand crore rupees of deposits. He had also got one banking license and when State bank authorities had found that there was no money for the warrants he had shown, scam was found out. By this time, small investors were at loss.

Companies scam

Non-existence of Companies scam took place in 1998. Finance minister Chidambaram came to know that hundreds of companies had collected people’s money and when he enquired, 600 companies were not existing. In this 80 companies had collected Rs. 330.78 crores of money and disappeared.

AB Vajpeyee 1998-2004

Mohata scam

Mohata entered in other scam again in 1998. He increased value of Videocon, BPL and sterilite company shares along with their promoters. When the shares value had fell, Mohata was debarred for the lifetime.

Plantation scam

Plantation company scam took place in 1999 and in this scam, 653 companies had collected Rs. 2,563 crores of amount from the people. Apart from profits and interests, people could not get the invested money also.

Match fixing scam

See Match fixing scam. Match fixing scam in the year 2000 took place in Cricket history. There were rumors that Azaruddin, Ajay Jadeja and Prabhakar had taken money and did match fixing.

Coffin scam

See Coffin scam

Ketan Parekh

Ketan Parekh scam took place in 2001 and he was great at scams than Mohata. Mohata had used the receipts of the banks but Ketan had used the pay orders to do the scam. He incurred loss to the HFCL (Rs.425 crores) and Zee companies (Rs. 340 crores) along with banks. Kethan Farakh had made one lakh fifteen thousand crores of money disappear from the stock market. In 2002, Farakh was arrested and he was abandoned from the stock market.

Tehelka operation

Tehelka operation was done in 2001 and in this operation, it had used secret spy cameras and brought many issues into limelight. Military people and political leaders were present in the issues.

Home trade scam

See Home trade scam. Home trade scam took place in 2002 and Home trade which belongs to Navi Mumbai company had taken Rs. 600 crores from Maharashtra and Gujarat banks. Company CEO Sanjay Agarwal was arrested.

Stamp paper scam

See Stamp paper scam. Stamp papers scam in 2003 incurred a loss of Rs. 30,000 crores to Indian treasury. There were police officials and other higher officials.

Manmohan Singh 2004 till present

Oil for food scam

Oil scam for food took place in 2005 and K.Natwar Singh was dismissed from the duty after finding the oil scam with Iraq for food.

Satyam scam

See Satyam scam

Madhu Koda corruption

See Madhu Koda Congress supported his govt in Jharkhand] [2009]

MHADA flats scam

Mhada flats in Mumbai. Congress government constructed posh flats using public money and gave away flats to its members flouting rules.

Other scams

And the list continues to grow..

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3 comments:

UnknownSaturday, 30 April 2011 at 15:08:00 GMT+5:30
Corruption:

http://www.fpdl.ro/public/training_manuals/CORRUPT%20CITIES/CORRUPT%20CITIES%20EN/EN%20Corrupt%20Cities.pdf
AnonymousFriday, 6 May 2011 at 17:37:00 GMT+5:30
You write 'VK Krishna Menon, who was high commissioner in Britain made a deal with foreign company for army jeeps by crossing the regulations. He had made the deal of Rs. 80,00,000 and this was found out in 1955'.

And then what happened my dear friend? Even if it is only for the sake of cushioning your list of scams, and displaying your research skills, why do you have to write something about which you have no clue?
AnonymousFriday, 22 July 2011 at 23:26:00 GMT+5:30
@ Anonymous
Sir, i'm sure you have enough clues of the convictions that happened in Bofors, JMM bribery etc etc

Dont be a fool, but if you are dont proclaim it.

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Saturday, 30 April 2011