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India was hit by a series of scams since independence. but in year 2010 India has
been rocked by a series of big corruption scandals,
2G Telecoms licence Scam
The Comptroller and Auditor General of India (CAG) in his report said rules were flouted when the licences were
given in 2007-08 which led to many ineligible firms getting
them, depriving the government of up to USD 39 billion in revenues.
Telecoms Minister Andimuthu Raja was sacked after a report by
India's state auditor and a CBI enquiry was constituted by Supreme Court direction.
Even Prime Minister Manmohan Singh, had to explain to
the Supreme Court why he sat on a request for permission to charge Raja
with corruption. The CBI has launched an investigation into alleged corruption at the ministry. The CAG said several
companies such as Unitech units got licences despite having inadequate capital, Swan Telecom got a licence even though
there were monopoly issues and Reliance Communications got undue benefits as it sought permission to offer services under
the more popular GSM technology. Now former Telecoms Minister Andimuthu Raja,
has been in Tihar Jail since February for allegedly planning and executing
the 2G scam.
Kanimozhi's arrest on May 21, 2011 brings to an end the rise in the DMK family.
The Delhi court hearing the 2G scam case rejected her bail application and ordered her immediate arrest. The DMK Rajya
Sabha MP and party chief M Karunanidhi's daughter was then sent to Tihar
Jail. Kanimozhi, the DMK MP, now 43, has a Masters in Economics, was a journalist
employed with several publications and also ran a website before she
joined active politics. Kanimozhi was chargesheeted by the CBI for allegedly conspiring with Raja and
accepting a Rs. 214-crore bribe via Kalaignar TV. Kanimozhi holds a 20
per cent stake in Kalaignar TV.
Textiles Minister Dayanidhi Maran the DMK MP has tendered his resignation to the Prime Minister
July 07, 2011. After A Raja, Kanimozhi, Maran is the next victim in the
multi-crore 2G scam. The DMK minister was under pressure to quit after
CBI accused former Telecom Minister
Asdarsah Housing scam 2010
Adarsah Housing society scam in Mumbai was one of the biggest
scam in Mumbai in 2010. Congress party politicians, bureaucrats and
military officials have been accused of taking over land meant for building apartments for war widows. When pressure was
mounted by opposition parties in Parliament, a CBI begin to investigating the case. The
apartments with a value of USD 1.8 million were sold for as little as USD 130,000 each in the apartment block, which faces the Arabian
Sea in one of the world's most expensive stretches of real estate in Mumbai.
Due to opposition the government sacked the chief minister of western Maharashtra state, Ashok Chavan, who is a member
of Congress. The apartment block is also being investigated for
several violations of norms, including environmental laws and land-use rules. The government has now effectively taken back
permissions allowing owners to occupy the apartments, which are
required for water and power supplies, leading to the disconnection of these services.
Commonwealth Games 2010 scam
Several allegations of corruption over the Commonwealth games 2010 event that took place in Delhi in October
2010 are being investigated by several bodies including the anti-corruption
watchdog, the state auditor, the CBI and a special committee set up by Prime Minister Singh.
The UPA government came under fierce criticism for mismanagement and ineptitude over the sporting extravaganza which
cost up to Rs. 70,000 crore (USD 6 billion). CBI and
India's anti-corruption watchdog has identified more than 16 projects with possible irregularities. The Congress
party sacked Suresh Kalmadi, chairman of the organising committee, and aides have been arrested. |
Andimuthu Raja
Kanimozhi, the DMK MP
Textiles Minister Dayanidhi Maran
Adarsah Housing society
Suresh Kalmadi |
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Commonwealth games 2010, Delhi
Loan bribery scam 2010
On November 24, 2010 the Central Bureau of
Investigation (CBI) arrested eight people, accusing them of bribery
for corporate loans. The arrests included the chief executive of state-run mortgage lender LIC Housing Finance and senior
officials at state-run Central Bank of India, Punjab National Bank and Bank of India. Local media have reported the scam could
run into hundreds of millions of dollars. The CBI is probing 21 companies involved in India's booming infrastructure sector for
links, but has not named them. The bribes were paid by private finance firm Money Matters Financial Services, which
acted as a "mediator and facilitator" for the loan beneficiaries, the CBI said.
Satyam Computers Scam 2009
The founder chairman of Satyam Computer Services, Ramalinga Raju one of India's top software firms, resigned in
January 2009 after admitting profits were falsely inflated for years.
The fraud, estimated at USD 1 billion, was India's largest corporate scandal and was dubbed "India's Enron". With clients
abandoning it, shares were hammered down to near-penny-stock levels.
TELGI Scam 2007
Abdul Karim Telgi , the counterfeiter printed
fake stamp paper and appointed 300 agents to sell them in bulk to banks, foreign investors, insurance companies and stock market
players, earning around Rs 200 crore a month. The swindle exceeded Rs 43,000 crore and covered 12 states. The Telgi scandal had
political implications; a narco test allegedly revealed the involvement of Maharashtra political leaders like Sharad Pawar and
Chhagan Bhujbal. On June 28, 2007, Telgi was awarded 13 years of rigorous imprisonment and fined Rs 202 crore. Forty-two of Telgi's
accomplices were also sentenced to six years rigorous imprisonment.
Bofors gun deal scam 1996
In the year 1996 Indian Defense Ministry purchased artillery guns from Swedish firm Bofors .Allegations
were made that Rs 64 crore (USD 14.2 million) -- a huge sum then -- was paid as bribes to people close to then prime minister Rajiv
Gandhi to swing the deal. The scandal caused an uproar in parliament, led to a split in the ruling Congress party and
the defeat of Gandhi in federal elections in 1989. The case has dragged on for years without any result. On March 2011,
CBI asked the SC to close the case.
Fodder Scam 1996
In 1996 Bihar ministers and officials colluded to bill the state treasury over Rs 950 crore to provide feed, medicines and
animal husbandry equipment for "vast herds of fictitious livestock". The swindle allegedly involved chief ministers
Jagannath Mishra and Lalu Prasad Yadav. Also Lalu Prasad Yadav sent to jail.
Madhu Koda Scam 2009
On October 10, 2009, the Enforcement Directorate (ED) charged former Jharkhand chief minister Madhu Koda with money laundering to
the tune of over Rs 4,000 crore. In 2005, when he became chief minister at 35, his declared his assets as 12 lakh. The ED raided
his hotels, property and three companies in Mumbai and Kolkata, and also discovered he owned assets in Thailand, Indonesia, Singapore
and Dubai. He had allegedly also bought a coal mine in Liberia for Rs 8.5 crore. The one-time labourer has 1,800 bank accounts all over
the globe. Investigators said that most of Koda's assets were held in the name of his main associates: Vinod Sinha of Chaibasa (Jharkhand)
and Sanjay Chaudhary of Jamshedpur. |
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