Skip to main content

Some Popular Indian Scams

  • Harshad Mehta Big Bull Scam – 4000 crore
  • Lalu’s Chara Ghotala – 950 crores – July 2008 IAS officer Sajjal gets four-yr RI for 39 crore scam
  • Hawala Scandal – 5000 crores
  • Bofors Scandal – 64 crores (Also Read: 1 2 3)
  • Narendra Rastogi serial scammer – more than 43 crores (Read more1)
  • Dalmia Scandal – 595 crores
  • Civil Aviation Minister Praful Patel fraud case-50 crores
  • UTI Scam – 32 crores
  • Mutual Fund Scam – 1350 crores
  • Bansali Scam – 1200 crores
  • Ketan Parekh’s Sebi Scam- 888 crores - June 08 – SC issues arrest warrant against Ketan Parekh
  • Cobbler Scam – 1000 crores
  • Bribe to allot petrol pumps scam
  • Churhat lottery scam – ?
  • Anantnag transport subsidy scam – ?
  • Bangalore – Mysore Infrastructure Corridor – ?
    • Kerala SNC Lavalin power scandal – 374.5 crore loss – Dec 09 – Accused CPM leader Vijayan gets bail in graft case.
    • Telgi Scam – 171 crores - Telgi was sentenced 13 yrs RI and 100 cr fine. (Read More 1 2 Timeline 3)
    • Mayawati’s Taj Corridor- 175 crores alleged scam – Case was dropped in 2007 by the pecial designated court due to insufficient evidence (Read more 1 Is Politics such a high paying profession ? 2 May 2008 -Mayawati attempts to stop CBI investigation 3)
    • Motilal Goel Scam – 1000 crore

  • Satyam Fraud – 7 to 14000 crores – Pricewaterhouse Coopers saw no fraud in Satyam – Nov 09 CBI arrested Satyam’s internal audit head V S Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm. Jul 10 – Promoters wrongfully gained 2643 crores

Lalit Modi Indian Premier League (IPL) Scam – 1200 crores

Commonwealth Games Scam - 8000 crores

2G Scam – 1,76,000 crore

Comments

Post a Comment

Popular posts from this blog

IAS Officer’s Salary and Other Facilities

The Salary of an IAS officer is how much is such a question which is being asked daily by thousands of job seekers. In India it is said that the salary in government services is too low. Many bright students do not want to join the government services for low salary. But IAS is not everything about salary, it is not a simple job for making money, it is also about serving the nations and its billions of people. After the 6th pay commission the salary of an IAS officer in India is not that bad too. I am going to discuss about the salary and facilities of Indian Administrative service officer. Pay Scales In government services in India Pay Scales is not the total salary. It only indicates the minimum and maximum basic pay of an employee. The IAS are promoted to total four pay scales according to service seniority. These five scales are named as  Junior Scale, Senior Time Scale, Junior Administrative Grade  ,  Selection Grade  and  Super Time Scale. Juni...
7 comments
Read more

AN EAGLE EYE VIEW OF THE UPSC SYLLABUS

In a significant move DoPT has approved the changes in civil services exam pattern w.e.f. ensuing Civil Services Exams, 2013. Now, the new format will give more weightage to General Studies. Implementation of these changes will affect the fate of over four lakh civil services aspirants looking to take the exam this year. The new pattern aims to overhaul the existing pattern by reducing the importance of optional subjects and increased focus on general studies. This will reduce any advantage a candidate could have over others merely by selecting highly scoring subjects as optional papers.  General studies have about 50% weightage while optional subject about 25%. As a matter of fact, the changes are on both lines - expected and unexpected.  In order to really comprehend these changes, one must put all the dimensions of this examination in a proper perspective and then try to understand the importance of these changes. General Studies has been uplifted to a 'King-makers' stat...
3 comments
Read more

maharatna, navratna ,miniratna:

What are Maharatna in India? In 2009, the government established the Maharatna status, which raises a company’s investment ceiling from Rs. 1,000 crore to Rs. 5,000 crore. The Maharatna firms would now be free to decide on investments up to 15 per cent of their net worth in a project. Earlier, the Navaratna companies could invest up to Rs 1,000 crore without government approvals. Criteria for Maharatna In order to qualify as a Maharatna, a company must have: Three years with an annual net profit of over Rs.2500 crore Net worth of Rs. 10,000 crore Turnover of Rs. 20,000 crore What are Navratna in India? The Navratna status is offered to PSEs, which gives a company enhanced financial and operational autonomy and empowers it to invest up to Rs. 1000 crore or 15% of their net worth on a single project without seeking government approval. In a year, these companies can spend up to 30% of their net worth not exceeding Rs. 1000 cr. They will also have the freedom to enter joint ventures, for...
Post a Comment
Read more