Was Congress really a party for the welfare for the nation? In the Indian history Congress is the only ruling government under which major scams took place. Due to numerous scams, corruption is the word used to define the Indian government. India has become a hub for scams in the world.
2G SPECTRUM SCAM: 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 crore 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.
2. Suresh Kalmadi
Commonwealth Games Scam: Another feather in the cap of Indian scandal list is Commonwealth Games loot. Yes, literally a loot! It is estimated that out of Rs. 70000 crore 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.
3. Abdul Karim Telgi
TELGI SCAM: As they say, every scam must have something unique in it to make money out of it in an unscrupulous manner- and Telgi scam had all the suspense and drama that the scandal needed to be busted. Abdul Karim Telgi had mastered the art of forgery in printing duplicate stamp papers and sold them to banks and other institutions. The tentacles of the fake stamp and stamp paper case had penetrated 12 states and was estimated at a whooping Rs. 20000 crore plus.
4. Ramalinga Raju
SATYAM SCAM: The scam at Satyam Computer Services is something that will shatter the peace of Indian investors and shareholder community beyond repair. 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.
5. BOFORS SCAM:
The Bofors scandal is known as the hallmark of Indian corruption. The Bofors scam was a major corruption scandal in India in the 1980s; when the then PM Rajiv Gandhi and several others including a powerful NRI family named the Hindujas, were accused of receiving kickbacks from Bofors AB for winning a bid to supply India’s 155 mm field howitzer. The Swedish State Radio had broadcast a startling report about an undercover operation carried out by Bofors, Sweden’s biggest arms manufacturer, whereby $16 million were allegedly paid to members of PM Rajiv Gandhi’s Congress. Most of all, the Bofors scam had a strong emotional appeal because it was a scam related to the defense services and India’s security interests.
6. Lallu Prasad Yadav
THE FODDER SCAM: If you haven’t heard of Bihar’s fodder scam of 1996, you might still be able to recognize it by the name of “Chara Ghotala ,” as it is popularly known in the vernacular language. In this corruption scandal worth Rs.900 crore, an unholy nexus was traced involved in fabrication of “vast herds of fictitious livestock” for which fodder, medicine and animal husbandry equipment was supposedly procured.
7. HARSHAD MEHTA & KETAN PAREKH STOCK MARKET SCAM:
Although not corruption scams, these have affected many people. There is no way that the investor community could forget the unfortunate Rs. 4000 crore. Harshad Mehta scam and over Rs. 1000 crore, Ketan Parekh scam which eroded the shareholders wealth in form of big market jolt.
The list of scandal in India is just not ending in India and is just rising by every year. Even BJP’s men have done scams but the party claims it would eradicate corruption. The only thing the citizens are left with is hope for good governance.
– Varsha Chachad.