A List of Top Indian Scams from 1980

A List of Top Indian Scams from 1980

A scam is a false plan which is performed by a corrupt individual, group, or a company in an effort to obtain the money or something besides of value. The scams are usually inherent in the confidence actions, where a human being will misrepresent themselves as an important person with a skill or power.

As far as India is concerned, there are a number of top scams has happened between 1980- 2013. The total loss since 1980 from all scams may go more than Rs. 90000000000000 (90 lakh crore)

Given below are some of the top scams which have taken place in India in the following years:-

List of Top Indian Scams from 1980

Bofors Scandal

• Year- 1980s and 1990s
• Main person behind the scam- Congress politicians and Rajiv Gandhi and several others
• Scam Details- Bofors scam got exposed under the term of V.P. Singh as defense head and in next general poll it cost Rajiv Gandhi as well as congress and they filed to win the polls.

Status- Disclosed

• Indian Coal Mining or Coalgate Scam
• Year- March, 2012
• Main person behind the scam- A political scam about the Indian administration’s allotment
• Scam Details- Inapt system of allotment of coal mines to private firms were found byCAG that cost country over Rs 180000 Crores
• Status- Solved

The Securities Scam

• Year- 1992
• Main person behind the scam- Harshad Mehta
• Scam Details- Under this scandal, Harshad was making use of bank receipts of public sector banking institutions in order to purchase stocks.
• Status- Disclosed and solved

Karnataka Wakf Board Land Scam

• Year- March, 2012
• Main person behind the scam- Anwar Manipaddi
• Scam Details- It concerns the so called embezzlements of Rs. 2000 billions in the country’s goods funds
• Status- Solved

Uttar Pradesh NRHM Scam

• Year- 2003
• Main person behind the scam- Top political leaders as well as bureaucrats
• Scam Details- this scandal was also alleged to have siphoned off a gigantic amount anticipated at 100 billion.
• Status- solved

2G Spectrum Scam

• Year- 2007
• Main person behind the scam- A telecom minister, A Raja
• Scam Details- The scandal was illegitimately undercharging mobile telephone firms for the frequency allotment authorizations
• Status- CBI investigation is taking place in this case

Uttar Pradesh Food Grain Scam

• Year- 2002 and 2010
• Scam Details- destined to be distributed food to the deprived people via PDS
• Status- Solved

Common Wealth Scams

• Year- 2010
• Main person behind the scam- Several well-known Indian political leaders (Suresh Kalmadi) and social campaigners
• Scam Details- Acc. to reports, out of 70000 Crore rupees allocated for the game only half were spent and rest shown on papers.
• Status- Solved

Telgi Scam

• Year- January, 2006
• Main person behind the scam-Karim Abdul Telgi
• Scam Details- Abdul Karim Telgi sold counterfeit stamp papers to people, banking institutions, insurance firms and share-broking companies via 300 mediators. This scandal cost country over Rs 20000 crore.
• Status- Solved

Satyam Scam

• Year- 2009
• Main person behind the scam- RamalingaRaju
• Scam Details- B RamalingaRaju embezzled books as well as exaggerated facts that resulted in a scandal, which had a loss of around Rs 8000 crore.
• Status- It got solved but suffered losses

Fake Check Scam

• Year- 2011
• Main person behind the scam- Frank Abagnale
• Scam Details- A bank scam
• Status- revealed

The Fodder Scam

• Year- 1996
• Main person behind the scam- Lalu Prasad Yadav as well as the former chef minister, Jagannath Mishra
• Scam Details- This scandal came into existence in the year 1996 in the city of Chiapas when the animal husbandry section found bribery in funds of approximately Rs 950 crore destined to buy cattle food, medications and animal husbandry tools in the state of Bihar.
• Status-Solved

The Hawala Scam

• Year- 1991
• Main persons behind the scam- political leaders via four hawala brokers, the Jain brothers
• Scam Details- In the year 1991, an arrest connected to radicals in Kashmir resulted in a raid on hawala agents, Jain brothers. They disclosed thrilling news of giving over rs 1000 crore via hawala racket to a lot of political leaders comprising L. K. Advani, Shankar and many more.
• Status- Disclosed

Oprah Ticket Scam

• Year- 2006
• Main person behind the scam- Dr. Phil
• Scam Details- it was a confidence scam that got discovered by a renowned doctor
• Status- Disclosed
• IPL Scam
• Year- 2013
• Main person behind the scam- Sreesanth, AjitChandila and AnkeetChanvan
• Scam Details- This scandal gave the fake outcomes to the community
• Status- Solved

Chopper Deal Scam

• Year- Early 2013
• Main person behind the scam- A lot of senior functionaries and helicopter maker AgustaWestaland
• Scam Details- Scandals in the choppers
• Status- Revealed
• Stock Market Scam
• Year- 1992
• Main person behind the scam- Harshad M Mehta
• Scam Details- He discovered a tendency to buy stock before his scandal of Rs 4000 crore. He utilized the finances from inter-bank deals to purchase shares at a premium crosswise many segments.
• Status- Solved

Ketan Parekh Scam

• Year- 2008
• Main person behind the scam – Ketan Parekh
• Status- Disclosed
• Bellary Mining Scam
• Year- 2009
• Main person behind the scam- G. Janardhana Reddy
• Scam Details- Reddy Brother supposedly paid bribe to pocket Mining Deals from Yedurappa. Reddy brothers were also believed to encroached jungle land, and mined larger region than permitted
• Status- Disclosed and solved

So, given above are some of the top scandals in India which have taken place from the year 1980 till now and has been made by the well-known personalities of the country