Corruption Scams In India

By :

Abhishek Tiwari

Chitturi Radha

Dhruv Thadoda

Udit Peshin

Vinay Pillai

Vivek Mishra
 Political and bureaucratic corruption in India are
major concerns

 In 2012 India was ranked 94th out of 176th countries in

Transparency International's Corruption Perceptions
Index.

 According to the data provided by the Swiss Banking

Association Report (2006), India has more black
money than the rest of the world combined.
1992 — Harshad Mehta Scam was worth Rs 5000 Crores.
1994 — Sugar Import Scam was worth Rs 650 Crores.
1995 — Preferential Allotment Scam was worth Rs 5000
Crores.
1995 — Yugoslav Dinar scam was worth Rs 400 Crores.
1995 — Meghalay Forest Scam was worth Rs 300Crores.
1996 — Fertilisers Import Scam was worth 1300 Crores.
1997 — Sukhram telecom Scam was worth Rs 400 Crores.
1997 — Lavalin Power project Scam was worth Rs 374
Crores.
1997 — Bihar Land Scam was worth 1200 Crores
1997 — C R Bhansali stock scam was worth Rs 1200 Crores.
1998 — Teak Plantation Scam was worth rs 8000 Crores.
2001 — UTI Scam was Rs 4800 Crores.
 2001 — Ketan Parekh security scam was worth Rs 1250 Crores.
2002 — Sanjay Agarwal Home Trade Scam was worth Rs 600
Crores.
2003 — Telgi Stamp paper Scam was worth Rs 20000 Crores.
2005 — IPO Demat Scam was worth Rs 146 Crores.
2005 — Bihar food relief Scam was worth 17 crores.
2005 — Scorpene submarine Scam was worth Rs 18,978
crores.
2006 — Punjab’s city centre project scam
2006 — Taj Corridor Scam was worth 175 Crores.
2008 — Pune Billionaire Hasan Ali tax default scam was
worth Rs 50,000 crores.
2008 – Satyam Scam was worth Rs14000Crores.
 2008 — Army Ration Pilferage Scam was worth Rs 5000 crores.
2008 — 2G Spectrum Scam was worth Rs 1.76 lakh Crores.
2008 — State Bank of Saurashtra Scam was worth Rs 95 crores.
2008 — Illegal money in Swiss Bank is worth Rs 71,00,000
Crores.
2009 — Jharkhand Medical equipment scam was worth Rs 130
Crores.
2009 — Rice export scam was worth Rs 2500 crores.
2009 — Orissa Mine scam was worth Rs 7000 crores.
2009 — Madhu Koda scam was worth Rs 4000 crores.
2010 – IPL fraud involving swine called Lalit Modi option
2010 — Commonwealth Games loot is worth 35000 crores
 Mr. Raju disclosed in a letter to Satyam Computers Limited
Board of Directors that “he had been manipulating the
company’s accounting numbers for years”.

 Satyam is the biggest fraud in the corporate history to the tune of

Rs. 14000 crore .

 The company’s disgraced former chairman Ramalinga Raju kept

everyone in the dark for a decade by fudging the books of
accounts for several years and inflating revenues and profit
figures of Satyam.
 Jobs of over 40000 technocrats were at risk
 Country`s economy was at risk.
 The GDP fell by 0.4%.
 I.T sector suffered a downturn
 India`s global image was tarnished.
 Indian stock market fell dramatically.

 Caused loss to the investors in tune of 14136 cr.

 Telgi Scam
Karim Abdul Telgi (born in year 1961) is the charged
counterfeiter Indian. He gained money by publishing fake seal
document in Indian.
Telgi shifted to buildings counterfeiting when he started to
fake seal document.
He hired 350 people as providers who
marketed the imitations to large buyers, such
as financial institutions, insurance plan
providers, along with share-broking
organizations

The dimension the fraud was approximated

more than 20,000 INR crores.
 The Commonwealth Games is surrounded by allegations of substantial
amount of corruption.

 The Central Vigilance Commission, involved in probing the alleged

corruption in various Commonwealth Games-related projects, has
found discrepancies in tenders and alleged misappropriation
amounting to about Rs 35,000 crore.
Among the alleged corruption and defrauding of the games budget, toilet paper rolls valued
at $2 were costed at $80, $2 soap dispensers at $60, $98 mirrors at $220, $11,830 altitude
training simulators at $250,190.
 Suresh kalmadi
( Sir u made
Lakhs)

26 April, 2011

CBI arrest Kalmadi for buying TSR (timing scoring and result)
equipment from a Swiss firm, Swiss Timing, at inflated price of Rs.141
crore for the event.
 Impact of 2G SCAM
 Impact On Telephone Sector

 Impact on Consumers

 Impact on Economy
 COALGATE SCAM
•Coal allocation scam is a political scandal
concerning the Indian government's allocation of the
nation's coal deposits to Public Sector Entities
(PSEs) and private companies.

•In a draft report issued in March 2012, the

Comptroller and Auditor General of India (CAG)
office accused the Government of India of allocating
coal blocks in an inefficient manner during the
period 2004-2009.
 MARCH-AUGUST 2012: COALGATE GROWS- THE
MEDIA, BJP & THE CBI INVESTIGATION
On March 22, the Times of India, broke
the story :

NEW DELHI: The CAG is at it again.

About 16 months after it rocked the UPA
government with its explosive report on
allocation of 2G spectrum and licences, the
Comptroller & Auditor General's draft
report titled 'Performance Audit Of Coal
Block Allocations' says the government has
extended "undue benefits", totalling a
mind-boggling Rs 10.67 lakh crore, to
commercial entities by giving them 155 coal
acreages without auction between 2004 and
2009. The beneficiaries include some 100
private companies, as well as some public
sector units, in industries such as power,
steel and cement.
 LOKPAL BILL
 The Jan Lokpal Bill (Citizen's ombudsman Bill) is a
draft anti-corruption bill drawn up by prominent civil
society activists seeking the appointment of a Jan
Lokpal,
 An independent body that would investigate
corruption cases, complete the investigation within a
year and envisages trial in the case getting over in the
next one year.
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