SCAMS IN INDIA

PRESENTED BY:
A.SHARATH 10QM1A0105

Definition:
We can define it as obtaining money by means of deception including fake personalities, fake photos, fake template letters, non-existent addresses and phone numbers, forged documents.

2G Spectrum Scam (2008)

The 2G spectrum scam involved allegations of under pricing of 2G spectrum by the Telecom Ministry of India, resulting in loss to the exchequer and illegal manipulation of the spectrum allocation process to favour a few select companies

We have had a number of scams in India but none bigger than the scam involving the process of allocating unified access service licenses. At the heart of this Rs.1.76-lakh core worth of scam is the former Telecom minister A Raja who according to the CAG, has evaded norms at every level as he carried out the dubious

2G license awards in 2008 at a throw-away price which were pegged at 2001 prices.

officially known as the XIX Commonwealth Games, were held in Delhi, India, from 3 to 14 October 2010

It is estimated that out of Rs. 70000 core spent on the Games, only half the said amount was spent on Indian sportspersons. The Central Vigilance Commission, involved in probing the alleged corruption in various Commonwealth Games-related projects, has found discrepancies in tenders like payment to non-existent parties, will-ful delays in execution of contracts, over-inflated price and bungling in purchase of equipment through tendering and misappropriation of funds.

Ramalinga Raju founded Satyam Computers in 1987. A botched acquisition attempt involving Maytas in December 2008 led to a plunge in the share price of Satyam.

he scam at Satyam Computer Services is something that will shatter the peace and tranquility of Indian investors and shareholder community beyond repair.
Satyam is the biggest fraud in the corporate history to the tune of Rs. 14000 core. The companys 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 Finally, the company was taken over by the Tech Mahindra which has done wonderfully well to revive the brand Satyam

Raju and his brother, B Rama Raju, were then arrested by the Andhra Pradesh police

Gaali brothers are the key players or heroes in this scam. Till the case is being investigated by CBI special court. It may cross the record of rajas 2g spectrum movie. People are waiting for the record. Whole government is dependent on this record.

DIAL Scam amount of money

166,972.35 core

High Way Scam amount of money 70 core ISROs Band Scam amount of money 200,000 core Maharashtra Irrigation Scam amount of money 72,000 core

The total amount of money that was made from this corruptions or scams is a very small number. It is not just 910603234300000