Build your professional network on facebook via our app Go to app
 
 
 
Industry : Public Sector/Government Functional Area : India
Keywords :

republic of scams

Activity:  14 comments  332 views  last activity : 06 29 2011 11:24:51 +0000
 Refer 529
Share
 
 
 

Republic Of Scams


Total Scam Money (approx) Since 1992:
Rs. 73,000,000,000,000 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

Few more latest scams has not been included as correct figures are yet to come.


 Top Comment : Vrushank Bharatkumar Dave   | 06 21 2011 05:08:05 +0000
Yada yada hi dharmasya Glanir Bhavati Bharat, Abhyudhyanam Adharmasya Tadatmanam Shrijanyaham, Paritryanay Sadhuna Vinshkay Diskritah, Dharma Sansthapanathay Sambhavami Yuge Yuge.... This sholk is given in Bhagawad Geeta. I am waiting to be happened in realy. I think this is the only hope. 80 corrupt out of 100, including you me and everybody. What to do?
 
14 comments on "Republic Of Scams"
  Commented by  AJAY KUMAR KHAITAN, TECHNOLOGY CONSULTANT, TECHNOLOGY CONSULTANT    | 06 29 2011 11:24:51 +0000
We can change India with or without Baba Ramdev & Anna Hazare

There are only few problems

1. We are not united / Unanimous

2. We are not taking the Lead

3. We are egoistic & always fighting

4. Not really interested in Solutions

5. Always blaming others

6. Hatred of any kind

Solutions

1. Honesty

2. Love / Respect

3. Truthfulness

4. Faith / Trust

5. Determination
  Commented by  Rohit Thakur, Sr. MEP QA/QC Engineer, QA/QC INCHARGE, CONSTRUCTION SPECIALIST-MEP    | 06 28 2011 07:23:40 +0000
wish they w'd have used such large sum for their nation's development!
  Commented by  Onkar Datt Sharma, Manager (Technical), Retired    | 06 23 2011 10:22:34 +0000
it an eye opener. how/who can we get rid of  these buggers. Its really pathetic that they come back to power repeatedly by using the same kind of money 
  Commented by  Rathin Deb, Freelance Retail Consultant    | 06 22 2011 06:42:41 +0000
Suresh very meticulous calculation. Really nice one. Keep it up. 
  Commented by  Santosh Kumar Mohanty, Civil Engineer-Municipal, Sambalpur University    | 06 21 2011 17:19:41 +0000
Let us have one point to fight against corruption from now to save our country.
  Commented by  John Jacob, Consultant, confidential    | 06 21 2011 12:29:30 +0000
The Lokpal is going to be run by the very same people who are running other agencies, it is not made of non-indians. How is it going to be different? How is it going to stop corruption.?
  Commented by  Prasad PN, Consultant, Trainer    | 06 21 2011 12:13:18 +0000
What we all seeing is just 'tip of the iceberg'. With increase in tax collections the loot is ever becoming very large. All parties without exception are plundering our nation. They together make thamasha of us. The media has failed to bring out the scams at all levels. The loot is everywhere and we got to see only 2G/CAG till date. Mutliply this with all the departments it will be mind boggling. (for full list visit http://cyberjournalist.org.in/links.html)

The loot formula is simple. Routine budget gets inflated with cuts to central/state governments and share to the contractor and local authorities. Rs 1 crore project gets inflated to Rs 10 crore and so on. 

Media should threadbare analyse few projects and point out the areas of 'padding' done to siphon off public funds. Till date this has never been done. Add to this freebees, subsidies, routine plan and non-plan allocations - every where there is built-in/well planned siphoning is undertaken for the past 50+ years. 

Weak judiciary and police controlled by politicians/babus can never be expected to catch and punish their own masters. Persons like Sukram caught red handed and convicted still is out on bail due to appeal process (decades have passed) and no justice. This delay in justice and appeal system emboldens all netas/babus to continue to loot and plunder this country without any fear or shame.

The indifference of public to looters, the fear of mafia, is giving the netas/babus a free hand to continue their plunder - BUT FOR HOW LONG??

There is a faint hope in the LOKPAL BILL being drafted. It will be delayed and will come out in a diluted form to protect the netas/babus. LOKPAL can make a difference if people of this country unite and demand a strong and independant LOKPAL.
  Commented by  SHRIKANT MANOHAR DANKE, Consultant, Project Management Consultancy Firm    | 06 21 2011 11:52:00 +0000
It's shocking to know these figures.
Thanks for referral, Suresh.
  Commented by  Mohan Murari, Manager-Property Sales    | 06 21 2011 10:45:05 +0000
Rating : 0 
These are the major one's which caught our attention due to media or it would be a never ending list. No government has the strong answer or willingness to take action against the alleged. How can it happen in a country like India which gave birth to Mahatma Gandhi, Bhagat Singh, Mahatma Budhha, Chanakya and Chandragupta and where this all would lead us. Is it something for which millions of people sacrificed their life in war of Independence.
  Commented by  Ravindra Sharma, Managing Consultant, CHEF-India    | 06 21 2011 10:02:14 +0000
These corrupt may be friends or relations or contacts or in know of many amongst  us. 
Yet are ready to inconvenience ourselves and socially banish such people or beneficiaries from amongst us? 
Once you have answered this crucial dilemma, you already know how to course-correct.
  Commented by  nagesh rao, Freelancer, Freelancer    | 06 21 2011 07:20:43 +0000
Shocking Suresh enough is enough it is the right time to nail & brake the nexus between corrupt politician-Bureaucrat-Police through Tightly Drafted Lokpal Bill to bring every one including PM under its ambit in-order to end corruption at higher level with proper legislation & systems in place.

Letus not allow these people to escape under lame excuses like  Parliament,constitution
etc. Lets not forget that they are parliamentarians & answerable to people & their assets not Parliament themselves.  Constitution is for us, if necessary let it be amended appropriately.


We should not allow our politicians to keep us silence by saying Corruption is Global Phenomena, as they did it all these years. Globally you may have to bribe at one point to get what you wanted as extra/exclusive sanctions thro party fund,funding for social cause etc.,  Unlike here we have to pay even for what legally we are entitled to get
from the authority right from the lower level like Driving License,Birth Certificate,
Passport,voter's card etc. 


 Friends Lets put an end & focus our fight against corruption irrespective of Indiviuals,parties,civil groups etc.& ensure a proper system in place to have Checks & Balance. 
The title is very good.  India is not a poor nation, but its people are poor.  Wealth is in the hands of 10% of people and 90% of people are poor.  The poor becoming poor the rich becoming richer.  Wealth is not evenly distributed with the faulty economic policies of the Govt. 
  Commented by  S. Muralidharan, Head, Project Planning/Strategy, Knowledge Foundation    | 06 21 2011 05:34:56 +0000
No wonder why you need eminent economists in the helm of affairs to handle this!  We pin our hope on one crusador, Anna Hazare! May Lord Krishna drive him, cajole him and offer sufficient strength to fight this "Dharma Yudh"!  If you expect the Lord to descend on earth in "Virat Roop", he would defy the rule of "Kaliyug Dharma"! "Coalition Dharma" is "Kaliyug Dharma" - a new found definition for the political class!  
  Commented by  Vrushank Bharatkumar Dave, Area Business Manager, Elder Pharmaceutical Ltd    | 06 21 2011 05:08:05 +0000
Rating : +1 
Yada yada hi dharmasya Glanir Bhavati Bharat, Abhyudhyanam Adharmasya Tadatmanam Shrijanyaham, Paritryanay Sadhuna Vinshkay Diskritah, Dharma Sansthapanathay Sambhavami Yuge Yuge....

This sholk is given in Bhagawad Geeta. I am waiting to be happened in realy. I think this is the only hope. 80 corrupt out of 100, including you me and everybody. What to do?
Add your comment on "Republic Of Scams"

Rate:
Submit
India's leading executive search firm
India's leading executive search firm
Viewers also viewed
The market share of SUN TV fell down drastically with news of its involvement in 2G scam and noe...
 
831 referals 9 arguments, 319 views
Yes vs No
 
0 referals 5 arguments, 282 views
Coal scam  left every scam behind and still we have no clue about what will the result. Will...
 
2256 referals 15 answers, 255 views
more...  
Recent Knowledge (105)
INSPIRATIONAL STORY...BY AN INDIAN CEO...   of a US firm! From studying under the streetlights...
 
78 referals 11 comments, 630 views
NANDKUMAR B.SAWANT.,M.COM.LL.B.(MUMBAI),ADVOCATE MOBILE.09325226691, 09271971251...
 
24 referals 17 comments, 10763 views
I reckon the lines said by a sensible person in the past that a person cannot be deceived unless...
 
16 referals 3 comments, 372 views
more...  
More From Author
An honest PM is in the hands of all corrupt team of ministers and leaders and due to this he also has become same like them.
''' MERRY CHRISTMAS A VERY VERY HAPPY NEW YEAR-2012 ''' - -Suresh
more...