Indian Scams

Topics: Indian numbering system, Lakh, Abdul Karim Telgi Pages: 3 (930 words) Published: March 6, 2011
2001 - 2010 - Indian scam Decade of worth
`.73000000000000
India a.k.a Mother India - Land of over Democracy, has been denigrated by Greed, graft, politics, bribery & dirty money. As we are coming to an end of a scammed year (hopefully the last). It might be exasperating to many Indians that the worth of this decade's scams has reached a new high of 73 Lakh crores. It's hard to digest isn't it? Here are the details (year wise):

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

2002 - Sanjay Agarwal Home Trade scam `. 600 cr

2003 -Telgi stamp paper scam `. 172 cr

2005 - IPO-Demat scam `. 146 cr
Bihar flood relief scam `. 17 cr
Scorpene submarine scam `. 18,978 cr

2006 - Punjab's City Centre project scam `. 1,500 cr,
Taj Corridor scam `. 175 cr

2008 - Pune billionaire Hassan Ali Khan tax default `. 50,000 cr Army ration pilferage scam `. 5,000 cr
State Bank of Saurashtra scam `. 95 cr
Illegal monies in Swiss banks, as estimated in 2008 `. 71,00,000 cr

2009: - The Satyam scam `. 10,000 cr
The Jharkhand medical equipment scam `. 130 cr
Rice export scam `. 2,500 cr
Orissa mine scam `. 14,000 cr
Madhu Koda mining scam `. 4,000 cr"

2010: CWG, 2G, IPL, Karnataka Land Scam, Adarsh, LIC etc... - 2Lakh crores

India's biggest scams:
1. Ramalinga Raju, `. 50.4 billion
2. Harshad Mehta, `. 40 billion
3. Ketan Parekh, `. 10 billion
4. C R Bhansali, `. 12 billion
5. Cobbler scam
6. IPO Scam
7. Dinesh Dalmia, `. 5.95 billion
8. Abdul Karim Telgi, `. 1.71 billion
9. Virendra Rastogi, `. 430 million
10, The UTI Scam, `. 320 million
11. Uday Goyal, `. 2.1 billion
12. Sanjay Agarwal, `. 6 billion
13. Dinesh Singhania, `. 1.2 billion

Some more in detail:
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...
Continue Reading

Please join StudyMode to read the full document

You May Also Find These Documents Helpful

  • Indian Motorcycle Essay
  • indians Essay
  • How Far Do Sources 10, 11 and 12 Suggest That British Rule in India, in the Years Before the Outbreak of the First World War in 1914, Was...
  • Essay about The Account of Mary Rowlandson and Other Indian Captivity Narratives
  • Essay about Indian Rupee
  • Indian Gaming Essay
  • Indian Camp Essay
  • indian camp Essay

Become a StudyMode Member

Sign Up - It's Free