घोटाले

मेरे एक ईमेल मित्र के द्वारा भेजी गई ईमेल पर जरा गौर करेः
60 साल में इतने घोटाले यानी कि राजनेताओ ने एक यही काम पूरे मन से किया
- कौन कहता है कि नेता काम नहीं करते

Republic Of Scams

The latest issue of India Today (January 3, 2010) carries an
interesting cartoon by Ravi Shankar with an amount boldly inscribed at
the top : Rs.176, followed by eleven zeroes. The main cartoon shows
Dr. Manmohan Singh and Sonia Gandhi declaring "We have ZERO tolerance
for corruption!" and some minions of theirs declaring "We can tolerate
many more zeros…."

The total scam money lost by the Bhaaratiya government
treasury is approximate 73 Lakh Crore and could be more during the
last two decades. Here is glimpse of some major scams of this period.



Republic Of Scams

Total Scam Money (approx) Since 1992:

Rs. 73000000000000 Cr.
(73 Lakh Crore)

Hard to digest ?
Just check the below given details


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
SNC Lavalin power project scam Rs 374 cr
Bihar land scandal Rs 400 cr
C.R. Bhansali stock scam Rs 1,200 cr

1998 -Teak plantation swindle Rs 8,000 cr

2001 -UTI scam Rs 4,800 cr
Dinesh Dalmia stock scam Rs 595 cr
Ketan Parekh securities scam Rs 1,250 cr

2002 -Sanjay Agarwal Home Trade scam Rs 600 cr

2003 -Telgi stamp paper scam Rs 172 cr

2005 -IPO-Demat scam Rs 146 cr
Bihar flood relief scam Rs 17 cr
Scorpene submarine scam Rs 18,978 cr
2006 -Punjab's City Centre project scam Rs 1,500 cr,
Taj Corridor scam Rs 175 cr

2008 -Pune billionaire Hassan Ali Khan tax default Rs 50,000 cr
The Satyam scam Rs 10,000 cr
Army ration pilferage scam Rs 5,000 cr
The 2-G spectrum swindle Rs 60,000 cr
State Bank of Saurashtra scam Rs 95 cr
Illegal monies in Swiss banks, as estimated in 2008 Rs 71,00,000 cr

2009: -The Jharkhand medical equipment scam Rs 130 cr
Rice export scam Rs 2,500 cr
Orissa mine scam Rs 7,000 cr
Madhu Koda mining scam Rs 4,000 cr"

SC refuses to quash PIL against Mayawati in Taj corridor scam
Orissa mine scam could be worth more than Rs 14k cr

CORRUPTION, MONEY LAUNDERING SCAM, Koda discharged from hospital,
arrest imminent

'A Cover-Up Operation':
"It's a scam involving close to Rs 60,000 crores"
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

1, Jeep Purchase (1948) :- Free India's corruption graph begins. V. K.
Krishna Menon, then the Indian high commissioner to Britain, bypassed
protocol to sign a deal worth Rs 80 lakh with a foreign firm for the
purchase of army jeeps. The case was closed in 1955 and soon after
Menon joined the Nehru cabinet.

2, Cycle Imports (1951) :- S.A. Venkataraman, then the secretary,
ministry of commerce and industry, was jailed for accepting a bribe in
lieu of granting a cycle import quota to a company.

3, BHU Funds (1956) :- In one of the first instances of corruption in
educational institutions, Benaras Hindu University officials were
accused of misappropriation of funds worth Rs 50 lakh.

4, MUNDHRA SCANDAL (1957):- It was the media that first hinted there
might be a scam involving the sale of shares to LIC, Feroz Gandhi
sources the confidential correspondence between the then Finance
Minister T.T. Krishnamachari and his principal finance secretary, and
raised a question in Parliament on the sale of 'fraudulent' shares to
LIC by a Calcutta-based Marwari businessman named Haridas Mundhra. The
then Prime Minister, Jawaharlal Nehru, set up a one-man commission
headed by Justice M.C.Chagla to investigate the matter when it becomes
evident that there was a prima facie case. Chagla concluded that
Mundhra had sold fictitious shares to LIC, thereby defrauding the
insurance behemoth to the tune of Rs. 1.25 crore. Mundhra was
sentenced to 22 years in prison. The scam also forced the resignation
of T.T.Krishnamachari.

6, Teja Loans (1960):- Shipping magnate Jayant Dharma Teja took loans
worth Rs 22 crore to establish the Jayanti Shipping Company. In 1960,
the authorities discovered that he was actually siphoning off money to
his own account, after which Teja fled the country.

7, Kairon Scam (1963):- Pratap Singh Kairon became the first Indian
chief minister to be accused of abusing his power for his own benefit
and that of his sons and relatives. He quit a year later.

8, Patnaik's Own Goal (1965) :- Orissa Chief Minister Biju Patnaik was
forced to resign after it was discovered that he had favoured his
privately-held company Kalinga Tubes in awarding a government
contract.

9, Maruti Scandal (1974) :- Well before the company was set up, former
Prime Minister Indira Gandhi's name came up in the first Maruti
scandal, where her son Sanjay Gandhi was favoured with a license to
make passenger cars.

10, Solanki Exposé (1992) :- At the World Economic Forum, Madhavsinh
Solanki, then the external affairs minister, slipped a letter to his
Swiss counterpart asking their government to stop the probe into the
Bofors kickbacks. Solanki resigned when India Today broke the story.

11, Kuo Oil Deal (1976):- The Indian Oil Corporation signed an Rs
2.2-crore oil contract with a non-existent firm in Hong Kong and a
kickback was given. The petroleum and chemicals minister was directed
to make the purchase.

12, Antulay Trust (1981) :- With the exposure of this scandal
concerning A.R. Antulay, then the chief minister of Maharashtra, The
Indian Express was reborn. Antulay had garnered Rs 30 crore from
businesses dependent on state resources like cement and kept the money
in a private trust.

13, HDW Commissions (1987) :- HDW, the German submarine maker, was
blacklisted after allegations that commissions worth Rs 20 crore had
been paid. In 2005, the case was finally closed, in HDW's favour.

14, Bofors Pay-Off (1987) :- A Swedish firm was accused of paying Rs
64 crore to Indian bigwigs, including Rajiv Gandhi, then the prime
minister, to secure the purchase of the Bofors gun.

15, St Kitts Forgery (1989) :- An attempt was made to sully V.P.
Singh's Mr Clean image by forging documents to allege that he was a
beneficiary of his son Ajeya Singh's account in the First Trust Corp.
at St Kitts, with a deposit of $21 million.

16, Airbus Scandal (1990) :- Indian Airlines's (IA) signing of the Rs
2,000-crore deal with Airbus instead of Boeing caused a furore
following the crash of an A-320. New planes were grounded, causing IA
a weekly loss of Rs 2.5 crore.

17, Securities Scam (1992) :- Harshad Mehta manipulated banks to
siphon off money and invested the funds in the stock market, leading
to a crash. The loss: Rs 5,000 crore.

18, Indian Bank Rip-off (1992) :- Aided by M. Gopalakrishnan, then the
chairman of the Indian Bank, borrowers-mostly small corporates and
exporters from the south-were lent a total of over Rs 1,300 crore,
which they never paid back.

19, Sugar Import (1994) :- As food minister, Kalpnath Rai presided
over the import of sugar at a price higher than that of the market,
causing a loss of Rs 650 crore to the exchequer. He resigned following
the allegations.

20, MS SHOES SCAM (1994) :- Anyone who war old enough in 1994 to read
will remember the advertisements- tens of them intriguingly headlined:
'Who is Pawan Sachdeva?' For the record, it was the peak of the public
issued-led advertising boom and the ads were created by the Delhi
branch of Rediffusion. Sachdeva, the promoter of MS Shoes, allegedly
used company funds to buy shares (of his own company) and rig prices,
prior to a public issue. He is alleged to have colluded with officials
in the Securities Exchange Board of India (SEBI) and SBI Caps, which
lead-managed the issue, to dupe the public into investing in his Rs.
699-crore public-***-rights issue. Sachdeva was later acquitted

21, JMM Bribes (1995) :- Jharkhand Mukti Morcha leader Shailendra
Mahato testified that he and three party members received bribes of Rs
30 lakh to bail out the P.V. Narasimha Rao government in the 1993
no-confidence motion.

22, In a Pickle (1996) :- Pickle baron Lakhubhai Pathak raised a stink
when he accused former Prime Minister P.V. Narasimha Rao and godman
Chandraswami of accepting a bribe of Rs 10 lakh from him for securing
a paper pulp contract.

23, Telecom Scam (1996) :- Former minister of state for communication
Sukh Ram was accused of causing a loss of Rs 1.6 crore to the
exchequer by favouring a Hyderabad- based private firm in the purchase
of telecom equipment. He, along with two others, was convicted in
2002.

24, Fodder Scam (1996) :- The accountant general's concerns about the
withdrawal of excess funds by Bihar's animal husbandry department
unveiled a Rs 950-crore scam involving Lalu Prasad Yadav, then the
state chief minister. He resigned a year later.

25, Urea Deal (1996) :- C.S. Ramakrishnan, MD, National Fertiliser,
and a group of businessmen close to the P.V. Narasimha Rao regime
fleeced the government and took Rs 133 crore from the import of two
lakh tonne of urea, which was never delivered.

26, Hawala Diaries (1996) :- The scandal surfaced following CBI raids
on hawala operators in Delhi in 1991. But it was S.K. Jain's diaries
that had heads rolling.

27, CRB SCAM (1997) :- Another scam forged by greed and discovered
through accident. Chain Roop Bhansali, a smart-talking entrepreneur,
created a pyramid financial empire based on high-cost financing. At
its peak, his Rs. 1,000-crore financial conglomerate had in its ranks
a mutual fund, a financial services company into fixed deposits, and a
merchant bank. That Bhansali knew how to work the system became
evident when he also managed to secure a provisional banking license.
Then his luck ran out. An executive in the State Bank of India
Inadvertently discovered that some interest warrants issued by
Bhansali were not backed by cash. The bubble finally burst in May
1997, but by that time investors had lost over Rs. 1,000 crore. This
was among the first retail scams in India and it was played out, in
smaller avatars, across the country-especially in the South where
financial services companies promised returns in excess of 20 per cent
and decamped with the principal. Bhansali was arrested for a few weeks
and released later on bail.

28, MEHTA'S SECOND COMING (1998) :- The Big Bull returned to the
bourses. This time, he allegedly colluded with the promoters of BPL,
Videocon International, and Sterile Industries to rig the share prices
of these companies. The inevitable collapse happened sooner than
planned, Harshad Mehta orchestrated a cover-up operation that included
a high=jinks effort by officials of Bombay Stock Exchange to
(illegally ) open the trading system in the middle of the night to set
things right, but the damage had been done. SEBI finally passed its
ruling on the scam in 2001, banning the three companies concerned from
tapping the market-BPL, for two years. Mehta was debarred for life
form dealing in Securities Appellate Tribunal (SAT) in October 2001

29, VANISHING COMPANIES SCAM (1998) :- A passing remark heard by then
Finance Minister Palaniappan Chidambaram resulted in a furore over
what was badly-kept secret on Dalal street. Chidambaram was told that
hundreds of companies had disappeared after raising moneys form the
public. An informal scrutiny revealed that perhaps over 600 companies
were missing. Chidambaram ordered a probe by SEBI. The SEBI probe
conducted in May 1998 revealed that while many companies are not
traded on the bourses at least 80 companies that had rises Rs.330.78
crore were simply missing. Later that year, the Department of Company
Affairs (DCA) was asked to probe and penalize these companies. DCA
still investigating. Investigations continue to this day.

30, PLANTATION COMPANIES SCAM (1999) :- It was as innovative a swindle
as any effected in the world. Savvy entrepreneurs convinced gullible
investors that given the right irrigation and fertilizer inputs, teak,
strawberries, and anything else that could be grown, would grow
anywhere in the country. The promoters could afford to collect money
from investors and not worry about retribution (or returns, for that
matter). For, plantation companies fell under the purview of neither
SEBI nor Reserve Bank of India. Indeed, they didn't even come under
the scope of the Department decided to change things in 1999, enough
investors had been gulled: 653 companies, between them, had raised Rs.
2,563 crore from investors. To date, not many investors have got their
principals back, just another affirmation of the old saying about
money not growing on trees.

31, Match Fixing (2000) :- Mohammed Azharuddin, till then India's
cricket captain, was accused of match-fixing. He and Ajay Sharma were
banned from playing, while Ajay Jadeja and Manoj Prabhakar were
suspended for five years.

32, KETAN PAREKH SCAM (2001) :- Ketan Parekh's modus operandi wasn't
very different from Harshad Mehta's. If Mehta used banker's receipts,
then Parekh used pay orders to ramp up the prices of his favourite
scrips (the K-10). Apart from money form the banking system Parekh
also rerouted money from corporated like HFCL (Rs. 425 crore), and Zee
(Rs. 340 crore) to good effect. He was caught when pay-orders issued
by Madhavpura Mercantile Cooperative Bank bounced. Although the total
amount involved in the scam was just Rs. 137 crore, the impact was far
greater.

Apparently, when a bear cartel sensed Parekh was in trouble, it
stepped in and leveraged a dip in the NASDAQ to bear down stock
prices. The resultant slump in the markets happened soon after Finance
Minister Yashwant Sinha presented what he considered his best budget
ever. Under pressure from the government, SEBI investigated the scam
and heads began to roll. Among them: the entire management team of
BSE, including its president Anand Rathi, CSFB, First Global, and, in
an indirect connection, P.S.Subramanyam, the Chairman of UTL
Evidently, for the 18 months that PSS was Chairman of UTI, the Trust
had mirrored the actions of the bull cartel. The result? When the
market tanked, so did the NAV of its holy cow, the US-64.

33, Tehelka Sting (2001) :- Tehelka, an online news portal, used
spycams to catch army officers and politicians accepting bribes, in
their sting operation called Operation Westend. Investigative
journalism turned another corner in the country.

34, Stockmarket Scam (2001) :- The mayhem that wiped off over Rs
1,15,000 crore in the markets in March 2001 was masterminded by the
Pentafour bull Ketan Parekh. He was arrested in December 2002 and
banned from acccessing the capital market for 14 years.

35, Home Trade Scam (2002) :- Under the pretext of gilt trading, Rs
600 crore was swindled from over 25 cooperative banks in Maharashtra
and Gujarat by a Navi Mumbai-based brokerage firm Home Trade. Sanjay
Agarwal, CEO of the firm, was arrested in May 2002.

36, Stamp Paper Scam (2003) :- The sheer magnitude of the racket was
shocking-it caused a loss of Rs 30,000 crore to the exchequer.
Disclosures of the mastermind behind it, Abdul Karim Telgi, implicated
top police officers and bureaucrats.

37, Oil-for-Food Scandal (2005) :- K. Natwar Singh was unceremoniously
dropped from the Cabinet when his name surfaced in the Volcker Report
on the Iraq oil-for-food scam.

What India Could Do With Rs 73 Lakh Crore?


Build: 2.4 crore primary healthcare centres. Thats at least 3 for
every village, at a cost of Rs 30 lakh each.

Build: 24.1 lakh Kendriya Vidyalayas at a cost of Rs 3.02 crore each,
with two sections from Class VI to XII.

Construct: 14.6 crore low-cost houses assuming a cost of Rs 5 lakh a unit.
Set up: 2,703 coal-based power plants of 600 MW each. Each costs Rs 2,700 crore.

Supply: 12 lakh CFL bulbs. Thats enough light for each of Indias 6 lakh villages

Construct: 14.6 lakh km of two-lane highways. Thats a road around
Indias perimeter 97 times over.

Clean up: 50 major rivers for the next 121 years, at Rs 1,200 crore a
river every year.

Launch: 90 NREGA-style schemes, each worth roughly Rs 81,111 crore.
Announce: 121 more loan waiver schemes. All of them worth Rs 60,000 crore.

Give: Rs 56,000 to every Indian. Even better, give Rs 1.82 lakh to 40
crore Indians living BPL.

Hand out: 60.8 crore Tata Nanos to 60.8 crore people. Or four times as
many laptops.

Grow the GDP: The scam money is 27% more than our GDP of Rs 53 lakh crore."


Greed, graft, politics, bribery, dirty money. Just another day in the
life of a nation still rated among the most corrupt in the world. Scan
the scams that have grabbed headlines, destroyed reputations and left
many people poorer.


How Much More For Hajjis?
A very revealing fact has been obtained from the Indian government's
External Affairs Ministry Office through the RTI (Right to
Information) Act. As per this information, the Indian Government has
spent a staggering sum of 2,891.77 crore rupeess (28,920,000,000 Rs =
US $ 672,558,140) for muslim Hajj pilgrimage in the last 5 years.
The editor-in-general of "Suchana Adhikar Manch" in
Patiala, Punjab, Mr. D.C. Gupta and the publishing editor Mr. Kumar
Sarin asked the Indian Government's External Affairs department about
Hajj subsidy through the RTI Act on July 31, 2010. The External
Affairs secretary Mr. Manbir Singh replied in writing that the
Central Government has
been providing this Hajj subsidy since 1991.
Mr. Manbir revealed that in just the last 5 years, a total of
2,891.77 crore rupees have been spent for 640,792 Muslim Hajj
pilgrims. He also mentioned that between the years 2008 and 2009,
121,695 Muslim pilgrims went to Hajj from the country. The Government
provided subsidy of 70,238 rupees (US $ 1,634) per person and a total
of 864.77 crore rupees (US $ 201,162,791) was spent in just one year.
The ministry has also informed that the Indian Government does not
provide any subsidy for pilgrimage for any other religious group.
As per a Hindustan Times news article published on April 10, 2010, it
was disclosed that the Central Govt. spent 367 crore rupees (US $
85,348,837) on 2006, 390 crore (US $ 90,697,675) on 2007 and 826 crore
(US $ 192,093,023) on 2008 as subsidy for the Hajj pilgrimage