Subject: BE & CG Submitted By: Devang patel Submitted To: Mr.

Ajay Tiwari

Meaning of Scams and Scandals Scams:

A confidence trick, confidence game, or con for short (also known as a scam) is an attempt to intentionally mislead a person or persons (known as the mark) usually with the goal of financial or other gain. The confidence trickster, con man, scam artist or con artist often works with an accomplice called the shill, who tries to encourage the mark by pretending to believe the trickster.

Scandals:
1. Disgraceful gossip about the private lives of other people. 2. A disgraceful event. 3. Offense caused or experienced; reproach or reprobation called forth by what is regarded as wrong, criminal, heinous, or flagrant: opprobrium or disgrace. 4. Reproachful aspersion; opprobrious censure; defamatory talk, uttered heedlessly or maliciously.

 Famous Scams and Scandals of Last decades in India

Uttar Pradesh NRHM Scam Uttar Pradesh NRHM Scam is a corruption scandal in the Indian state of Uttar Pradesh, in which top politicians and bureaucrats are alleged to have siphoned off a massive sum (estimated at 10,000 crore (US$2.2 billion) from the National Rural Health Mission, a central government program meant to improve health care delivery in rural areas. At least five people are said to have been murdered in an attempt to cover up large-scale irregularities. Several ministers and exministers of the ruling Bahujan Samaj Party government in Uttar Pradesh are being investigated by the Central Bureau of Investigation. A Comptroller and Auditor General of India report blamed the state's health and family welfare department functionaries, middlemen and contractors for guzzling 5,700 crore (US$1.25 billion) or 68% of the 8,657 crore (US$1.9 billion) released between 2005 and 2011 under the NRHM. 2G Spectrum Scam This scam involves 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. Commonwealth Games Scam Another feather in the cap of Indian scandal list is Commonwealth Games loot. Yes, literally a loot! Even before the long awaited sporting bonanza could see the day of light, the grand event was soaked in the allegations of corruption. It is estimated that out of Rs. 70000 crore spent on the Games, only half the said amount was spent on Indian sportspersons. Telgi Scam 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 thrive and 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. The Telgi clearly had a lot of support from government departments that were responsible for the production and sale of high security stamps.

Satyam Scam The 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 crore. 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. 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 Indias 155 mm field howitzer. The Fodder Scam This scam had taken its place in Bihar in1996, it is known 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. The Hawala Scandal The Hawala case to the tune of $18 million bribery scandal, which came in the open in 1996, involved payments allegedly received by countrys leading politicians through hawala brokers. From the list of those accused also included Lal Krishna Advani who was then the Leader of Opposition. Thus, for the first time in Indian politics, it gave a feeling of open loot all around the public, involving all the major political players being accused of having accepted bribes and also alleged connections about payments being channeled to Hizbul Mujahideen militants in Kashmir. 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.

Maharashtra: Rs 1000 cr education scam exposed From one scam to another - this one's in Maharashtra. An education scam costing the state as much as 1000 crore rupees have finally come under the government's radar.

Madhu Koda scandal Ex-Jharkhand chief minister Madhu Koda is for now at the crown position of recent political scandals in the country. The sudden wave of shock that enveloped every state when the Income Tax (IT) Department and Enforcement Directorate (ED) unveiled the charges against the minister is incomparable. In November 2009, the labourer turned Chief Minister was charged with laundering a sum of Rs. 4000 crore and disproportionate income. Coffin Scandal It seems that Mr.George Fernandes was a magnet for controversies during his days as the Defence Minister. Disclosures were made in 2001 that the Defence Ministry had purchased overpriced and inferior quality coffins for the soldiers who died in the 1999 Indo-Pak war. The government had paid $2500 per coffin which was earlier been purchased at a cost of $172 per coffin. Note for vote scandal The most ignominious political scandal took place in 2008 during the parliamentary debate on the motion which was to be followed by the confidence vote. The United Progressive Alliance which was the majority holding parliamentary party. Three MPs of the opposition party hotfooted into the parliament in midst of the ongoing discussion and began waving large bundles of money. Political Wiretap scandal A recent scandal burst up with the revelation that since 2006, the government intelligence services had been monitoring the telephone communications of few senior political figures. According to the Outlook magazine the United Progressive Alliance and the Indian National Congress ordered intelligence officers to tap the telephone communications of several politicians including Bihar state Chief Minister Nitish Kumar, Communist Party of India (Marxist) general secretary Prakash Karat, and minister for agriculture Sharad Pawar. The party also used the tapping technique to investigate the conversations of opposition leaders during the July 2008 noconfidence motion on the Indo-US Nuclear Deal.

 List of Others Scams and Scandals in India & its Amount

India shining - Republic of Scams Total Scam Money (approx) since 1992 till 2009: Rs. 73000000000000 Cr. (73 Lakh Crore)

1. 2. 3. 4. 5. 6. 7. 8. 9.

1992 -Harshad Mehta securities scam Rs 5,000 cr 1994 -Sugar import scam Rs 650 cr 1995 -Preferential allotment scam Rs 5,000 cr Yugoslav Dinar scam Rs 400 cr Meghalaya Forest scam Rs 300 cr 1996: -Fertiliser import scam Rs 1,300 cr Urea scam Rs 133 cr Bihar fodder scam Rs 950 cr 1997 -Sukh Ram telecom scam Rs 1,500 cr

10. SNC Lavalin power project scam Rs 374 cr 11. Bihar land scandal Rs 400 cr 12. C.R. Bhansali stock scam Rs 1,200 cr 13. 1998 -Teak plantation swindle Rs 8,000 cr 14. 2001 -UTI scam Rs 4,800 cr 15. Dinesh Dalmia stock scam Rs 595 cr 16. Ketan Parekh securities scam Rs 1,250 cr 17. 2002 -Sanjay Agarwal Home Trade scam Rs 600 cr

18. 2003 -Telgi stamp paper scam Rs 172 cr 19. 2005 -IPO-Demat scam Rs 146 cr 20. Bihar flood relief scam Rs 17 cr 21. Scorpene submarine scam Rs 18,978 cr 22. 2006 - Punjab 's City Centre project scam Rs 1,500 cr, 23. Taj Corridor scam Rs 175 cr 24. 2008 -Pune billionaire Hassan Ali Khan tax default Rs 50,000 cr 25. The Satyam scam Rs 10,000 cr 26. Army ration pilferage scam Rs 5,000 cr 27. The 2-G spectrum swindle Rs 60,000 cr 28. State Bank of Saurashtra scam Rs 95 cr 29. Illegal monies in Swiss banks, as estimated in 2008 Rs 71,00,000 cr 30. 2009: -The Jharkhand medical equipment scam Rs 130 cr 31. Rice export scam Rs 2,500 cr 32. Orissa mine scam Rs 7,000 cr 33. Madhu Koda mining scam Rs 4,000 cr" 34. SC refuses to quash PIL against Mayawati in Taj corridor scam 35. Orissa mine scam could be worth more than Rs 14k cr 36. CORRUPTION, MONEY LAUNDERING SCAM, Koda discharged from hospital, arrest imminent 37. 'A Cover-Up Operation': "It's a scam involving close to Rs 60,000 crores" 38. Spectrum scam: How govt lost Rs 60,000 crore India's biggest scams 1, Ramalinga Raju, Rs. 50.4 billion India's biggest scams 2, Harshad Mehta, Rs. 40 billion

India's biggest scams 3, Ketan Parekh, Rs. 10 billion India's biggest scams 4, C R Bhansali, Rs.. 12 billion India's biggest scams 5, Cobbler scam India's biggest scams 6, IPO Scam India's biggest scams 7, Dinesh Dalmia, Rs. 5.95 billion India's biggest scams 8, Abdul Karim Telgi, Rs. 1.71 billion India's biggest scams 9, Virendra Rastogi, Rs. 430 million India's biggest scams 10, The UTI Scam, Rs. 320 million India's biggest scams 11, Uday Goyal, Rs. 2.1 billion India's biggest scams 12, Sanjay Agarwal, Rs. 6 billion India's biggest scams 13, Dinesh Singhania, Rs. 1.2 billion

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