Tuesday, May 12, 2015

List of scandals in India

    The following is a list of alleged scams and scandals in India since independence. These include political, financial, corporate and others. Entries are arranged in reverse chronological order by year. The year is the one in which the alleged scam was first reported or came into knowledge of public.

    Notable scandals

    Notable scandals in India
    ScandalYear reportedScope INR CroreLocationKey playersSummary
    Saradha Group financial scandal201330,000West BengalKunal Ghosh,Sudipto Sen, Madan Mitra and many moreFinancial scam caused by the collapse of a Ponzi scheme run by Saradha Group, a consortium of over 200 private companies that was believed to be running collective investment schemes popularly but incorrectly referred to as chit funds.
    Vyapam Scam2013NAMadhya PradeshLaxmikant Sharma, Dr. Vinod Bhandari, O. P. Shukla, Pankaj Trivedi, Sudhir Sharma, C. K. Mishra, Nitin Mahendra, Dr. Jagdish SagarA massive admission and recruitment scam involving politicians, senior officials and businessmen. In November 2013, the Special Task Force (STF) of Madhya Pradesh police made a shocking revelation that Vyapam officials rigged five more recruitment tests for government jobs in the state.
    Indian coal allocation scam2012185,591NationalComptroller and Auditor General of India, the coal ministry, many electricity boards and private companiescoal blocks allotted, not auctioned, leading to estimated losses as per the Comptroller and Auditor General of India. Supreme Court cancels all 214 coal blocks allocations since 1993. Government to e-auction the coal blocks now.
    Uttar Pradesh NRHM scam201210,000Uttar PradeshMayawati, Babu Singh KushwahaBabu Singh Kushwaha and IAS Pradeep Shukla behind bars fror their involvement in NHRM scam.
    2G scam2008176,000NationalNira Radia, A. Raja, M. K. Kanimozhi, many telecommunications companiescommunication bandwidth auctioned for lower than market value.A. Raja and M. K. Kanimozhi have been in Tihar Jail for 15 months and 5 months respectively.They have been charge framed.
    Uttar Pradesh food grain scam200335,000Uttar PradeshMulayam Singh Yadav, MayawatiFood which the government purchased to give to the poor was instead sold on the open market

    2010s

    2015

    2014

    2013

    2012

    2011

    2010

    2000s

    2009

    2008

    • Hasan Ali black money controversy-Hasan Ali Khan is in jail since April 2011 for money laundering.
    • State Bank of Saurashtra scam – 950 million (US$15 million)
    • Army ration pilferage scam – 50 billion (US$790 million)-Lieutenant General SK Sahni jailed for 3 years.
    • Paazee Forex scam – 8 billion (US$130 million)
    • Cash-at-judge's door scam 

    2006

    2004
    • Taj Co-operative Group Housing Scheme scam – 40 billion (US$630 million)-IAS officer Narayan Divakar convicted for 2 years.
    • IPO scam
    • Bihar flood relief scam – 170 million (US$2.7 million)-Sadhu Yadav and others chargeframed.
    • Oil for food scam-K. Natwar Singh had to resign from the Cabinet on December 6, 2005

    2003

    • HUDCO scam

    2002

    2001

    • Operation West End - It was done in order to make the murky defense deals public. The special correspondents of the magazine filmed several corrupt defense officials and politicians of ruling National Democratic Alliance (NDA) government including Bhartiya Janta Party. Bangaru Laxman, the BJP's president was sentenced to four year of rigorous imprisonment and a fine of one lakh rupees was imposed as well.
    • Ketan Parekh securities scam/UTI scam – 320 million (US$5.1 million)-Ketan Parekh convicted for two years.
    • Calcutta Stock Exchange scam

    2000

    1990s

    1997

    1996

    1995

    • Meghalya forest scam – 3 billion (US$48 million)
    • Preferential allotment scam – 50 billion (US$790 million)
    • Yugoslav Dinar Scam – 4 billion (US$63 million)
    • Purulia arms drop case

    1994

    • Sugar import scam

    1992

    1990

    • Airbus scandal

    1980s

    1989

    • St Kitts forgery

    1987

    1981

    1970s

    1976

    • Kuo oil scandal – 22 million (US$350,000)

    1974

    • Maruti scandal

    1971

    1960s

    1965

    • Kalinga tubes scandal

    1964

    1960

    • Teja loan scandal – 220 million (US$3.5 million)

    1950s

    1956

    • BHU funds misappropriation – 5 million (US$79,000)

    1951

    1940s

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