Few Most Famous Scams in India


India is known for its economical, cultural as well as its large geographical areas but unfortunately it is also known for several scams which had happened in recent years which shocked not only the nation but world too. These scams have led a strong blow on country’s social, political and economical areas, ruining confidence of the people living in the country. Here is an overview of some of the most famous scams that have hit the country over the years.


Coalgate Scam 2012: At 1.86 lakhs crores, the coal mining scam is being billed as the “Mother of all scams”. The coal allocation scam, or ‘Coalgate’ as it is popularly referred by and in the media, was a political scandal that engulfed the UPA government in 2012. The scam came to light after the Comptroller and Auditor General of India (CAG) accused the government of India for allocating 194 coal blocks to public and private enterprises for captive use in a flawed, ad hoc manner between 2004 and 2009. The CAG initially estimated a 10.6 lakhs crores loss to the exchequer, but the final report which was tabled in the parliament was only 1.86 lakhs crores.

2G Spectrum Scam 2010: In the list of several frauds and scams in India, the 2G Scam has engrossed a second position. It involved underpriced allocation of 2G spectrum license to various telecom companies by government officials. The licensing was depreciated and tender was endowed upon the selection on the basis of  “first come first serve” basis instead of transparent auction as exhorted by the PMO. CBI investigations unveiled that an inept figure of 122,122 licenses was given under the tenure of A Raja, then Communication & IT minister, in 2008 who was implicated to be pledged of this anomaly. Albeit, the CBI computations for scam was 30,984 crores. The Comptroller and Auditor General (CAG) of India estimated the figure of the scam to be 176,000 crores. A Raja, apart from Karunannidhi’s daughter M K Kanimozi, had been doomed under the Prevention Of Corruption Act for accepting illegal clover.

Telgi Stamp paper Counterfeit 2003: One the most flagrant charlatans, often spotted with blatant smiles after court sessions was Abdul Karim Telgi, convicted for proliferation of fake stamp papers worth over 60,000 crores. He was sentenced life imprisonment for three different cases without amnesty out of over 25 cases against in 2012 which was expected to last until his death with charges of stamp paper counterfeiting. Telgi employed 300 people who staged as agents and supplied fake stamp papers to various share-brokers, insurance companies and banks. Often remarked as the canniest scamster in India, Telgi was also amerced for 1,000 crores, CBI suggested for confiscation of his property.The investigation accentuated the involvement of many police officials, investigators and politicians like Sharad Pawar and Chhagan Bhujbal, with whom Telgi had a conversation during narcoanalysis. Former Maharashtra CM Vilasrao Deshmukh was abated from the indictment of being a co-accused as pleaded by Telgi in 2012.

Commonwealth Games Scam 2010: Perhaps the only Indian scam that inveigled worldwide media which surfaced after allegations against the organizing committee (OC) of mismanagement and payola. The OC chairman Suresh Kalmadi was found out to be the main accused of nepotism towards Swiss Timing for the contract to install Timing, Scoring and Results system for the 19th CWG in New Delhi at a higher rate despite of availability of cheaper options. The Centre ordered investigation into the case the very next day after conclusion of the games convicting eight others apart from Suresh Kalmadi, including former Director General V K Verma and former Secretary General Lalit Bhanot.

Tatra Truck Scam 2011: This scandal did not divulge until 2011 when dewy Chief of the Army Staff, Gen. V K Singh repelled a bribe of 14 crores in lieu of clearing purchase of 600 standardized all-terrain Tatra Trucks. Bharat Earth Movers Ltd. had repudiated defence ministry norms over a decade and sold the trucks to Indian Army at bloated rates. Over the past 14 years, 750 crores had been sieved through into the pockets of various Defence Ministry and BEML officials in forms of commissions and grafts. BEML was supposedly buying goods and repairs from a middleman in London, spurning defence guidelines in IOU for buying goods from Original Equipment Manufacturer (OEM) as the procurement achieved from Tatra Sipox Ltd. which is not an OEM.

Adarsh Housing Society Scam 2002: The scam included devious stinting of co-operative housing society flats, meant for Kargil heroes, veterans and war widows that were occupied by politicians and defence virtuosos in a wily manner. A thirty-one storey highrise was prefabbed where a six-storey building was to come up. Houses were nabbed by high military officials and relatives of bureaucrats as well as politicians including late Vilasrao Deshmukh and then Maharashtra CM Ashok Chavan at low rates. Other garish names included former Chiefs of Army staff General N C Vij and General Deepak Kapoor besides former Navy Chief Admiral Madhavendra Singh and Vice-chief General Shantanu Chaoudhary who got mudcaps at steal prices. A probe into the matter by CBI, Income Tax Department as well as Enforcement Directorate wiped miens of Sushil kumar Shinde, Late Vilasrao Deshmukh and Ashok Chavan with slough of stigma which also resulted into his/their forced renunciation.

Bellary Mining Scam 2011: This scam included mining czars, the Reddy Brothers – Gali Karunakara Reddy and Gali Janardhana Reddy who avowedly paid hefty bills to hook contracts for Obulapuram Mining Company in Bellary.The scandal included encroachment of forest land and mining more than permitted apart from underpaying revenues to the state of Karnataka that suffered approximate loss of 16,085 crores. Former CM B S Yeddyurappa and his family were allegedly involved in the inflow of bribes for the same in form of donations to various trusts by miner brothers in lieu of flawed leases.

Satyam Computers Scam 2009: In a ghastly veil which was dressed up by one of the biggest tumors of IT sector in India which occurred in 2009 when chairman, B Ramalingam Raju admitted that company’s accounts were false. It followed Raju’s resignation and recitation of falsified balance sheets. Raju wrote a letter to the board confessing over inflating accounts by over 300 crores. The statutory auditor of Satyam Computer Services, Pricewaterhouse Coopers was fined $6 million by US Securities and Exchange Commission for avoiding standards of audit. Various credit firms broke allies with Satyam Computers followed by the arrest of S Ramalingam Raju who was granted bail after 33 months of arrest in 2011 following CBI’s failed attempt of filing a charge sheet.

2013 Choppergate: Numerous politicians and defence officials were arranged for accepting bribes in the chopper scam for clearance of supply of twelve AugustWestland’s AW101 choppers to Indian forces. The contract was countersealed in February 2010 but the scandal accented to consciousness after arrest of Finmeccanica CEO Giuseppe Orsi for bribery to attain Indian orders for chopper supplies.The scam was surmised to gauge 3,600 crores and CBI probe ordered by Defence Minsiter A K Antony divulging Air Force Chief Shashi Tyagi’s involvement in artifice to benefit August Westland and parent company Finmeccanica. In March 2013, CBI filed an FIR naming IAF chief, apart from 12 other felons including Union Minister Santosh Bagrodia, Satish Bagrodia and Pratap Aggarwal.

Antrix Devas Deal 2011: Embroiled in the deceit were Indian Space Research Organization (ISRO)’s three chief scientists as well as chairman G Madhavan Nair, who were culpable for a controversial contract between Antrix Corporation and Devas Multimedia Private Ltd. A CAG audit penned 200,000 crores of loss and Department of Space was booked for violating rules and policies and the fact that Devas’ association in fabrication of new satellites was gratuitous.