Top 10 Scams

Top 10 Corruption/Scams of India
“In too many countries, people are deprived of their most basic needs and go to bed
hungry every night because of corruption, while the powerful and corrupt enjoy lavish
lifestyles with impunity.”
– José Ugaz, Chair of Transparency International
According to a study of Transparency International, a Berlin-based NGO working
against corruption, India is ‘Most Corrupt Country in Asia-Pacific Region.’ Even
when several agencies are trying their best, and various steps are taken to counter
corruption, Indian citizens still face it in their day to day life. According to
Transparency International, every 7 out of 10 people in Indian have bribed for access
to public services.
Here’s a list of Top 10 corruptions scams that shook India, causing crores of loss to
the central and state governments.
1. Indian Coal Allocation Scam

The biggest Scam India has ever witnessed! Also known as ‘Coalgate’ is the most
significant political scandal where a vast amount of 1,86,000 Crore was involved. In
March 2014, the Comptroller and Auditor General of India office revealed that the
allocation of the nation’s coal deposits to public sector enterprise (PSEs) and private
companies was in an inefficient manner during the period 2004–2009. One hundred
ninety-four coal blocks were allocated to private enterprises without following the
proper procedure of bidding in the auction.
2. 2G Spectrum Scam
The main accused of the 2G Spectrum Scam was former Telecom minister A Raja
who was charged with a scam of Rs. 1,76,000 Crore. According to CAG, A Raja
undercharged mobile telephone companies for frequency allocation licenses, which
were used to create 2G spectrum subscriptions for cell phones.
3. Wakf Board Land Scam

Karnataka Wakf Board Land Scam is the biggest land scam of Indian to date. In 2012,
Anwar Manippady, the Chairman of the Karnataka State Minorities Commission,
revealed that 27,000 acres of land controlled by the Karnataka Wakf Board had either
been misappropriated or allocated illegally. The value of the property is estimated to
be over 1.50,000 Crore.
The land which was managed by the Wakf board was donated to underprivileged and
poor people of the Muslim community, but the report of Anwar Manippady revealed
that Politicians and Board members misappropriated 50 percent of the land owned by
Wakf board.
4. Commonwealth Games Scam
A Scam that put India to shame internationally! Since its beginning, the
commonwealth games were surrounded by rumors and corrupt news deals, which
include criminal conspiracy, cheating, forgery, inflated contracts. The main center and
accused of the Scam was Suresh Kalmadi, Pune Lok Sabha MP, and the Chairman of
the organizing committee of the Games.
The total amount of Rs. 70,000 crore was to be spent on the games, but less than half
of the said amount was spent in the mega event. Suresh Kalmadi offered a contract of
Rs 141 crore to Swiss Timings for its equipment, which was unnecessarily high by Rs
95 crore.
5. Telgi Scam
This Scam is one of its kind India has ever seen. In 2002, Abdul Karim Telgi was
accused of counterfeiting stamp paper in India. The tentacles of the Scam reached 12
states with 350 fake agents to sell stamp papers to banks, insurance companies, and
stock brokerage firms. The amount of this Scam reached RS. 20,000 Crore. Abdul
Karim Telgi had support from many politicians and police officers. On 17 January
2006, Telgi with his associates and agents were sentenced to 30 years of rigorous
imprisonment. However, he died in Victoria Hospital, Bengaluru, on 23 October 2017
due to meningitis.
6. Satyam Scam
Also known as ‘India’s Enron scandal’ is the biggest fraud in the corporate history of
India, amounting to the enormous amount of Rs. 14,000 crore. Chairman of Satyam
Computer Services, Ramalinga Raju, falsified the company’s accounts and kept
everyone in the dark for over a decade. Now, the company has been taken over by the
Tech Mahindra.
7. Bofors Scam
Bofors Scam is weapon contracts political scandal between India and Sweden which
shook the nation in the 1980s. Prime Minister Rajiv Gandhi and other members of
Indian and Swedish government were accused of receiving kickbacks from Bofors
AB, a Swedish and British arms manufacturer. In April 1987, Swedish Newspaper
broke the news that Bofors had paid kickbacks of 100 to 200 Crore to the Indian
government.
8. The Fodder Scam
Popularly known as “Chara Ghotala” is a political scandal that includes

embezzlement of a massive amount of Rs. 1,000 Crore from the government of the
state of Bihar. The mastermind of this Scam was Lalu Prasad Yadav, Chief Minister
of Bihar himself.
The Scam involved reimbursements from the treasury of Bihar state for medicines,
fodder, and husbandry supplies for non-existent livestock. Lalu Prasad Yadav is now
serving his sentence in jail, and this also marks the end of his reign as Chief Minister
of Bihar.
9. The Hawala Scam

Also known as Jain Diaries case is a political scam involving a payment of $18
million sent t by politicians (black money) through four hawala brokers, namely the
Jain brothers. The Hawala Scandal was revealed by wo Delhi-based journalists Ram
Bahadur Rai and Rajesh Joshi, working for the Hindi daily Jansatta. The rumors also
indicate that the payment was being toward Hizbul Mujahideen militants in Kashmir.
The politicians who were accused of the Scam were L.K. Advani, V.C. Shukla, P.
Shiv Shankar, Sharad Yadav, Balram Jakhar, and Madan Lal Khurana.
10. Abhishek Verma arms deals scandal
Also Known as Scorpene Deal Scam is an arms dealing scam in which Abhishek
Varma, who is the son of a famous politician Shrikant Verma was the prime suspect.
Abhishek was named as the youngest billionaire in 1997 and is known as ‘Lord of
war’ in the international defense and armament industry.
Abhishek was accused of receiving kickbacks of approx US$200 million through a
US$4.5 billion Indian military deal for purchasing six Scorpène-class submarines
from Thales. He was one of the prime suspects in the 2013 AgustaWestland VVIP
helicopter bribery scandal.

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Top 10 Corruption/Scams of India

1. Indian Coal Allocation Scam

3. Wakf Board Land Scam

4. Commonwealth Games Scam

8. The Fodder Scam

Popularly known as “Chara Ghotala” is a political scandal that includes

9. The Hawala Scam

10. Abhishek Verma arms deals scandal

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