Some Popular Indian Scams

§  Harshad Mehta Big Bull Scam – 4000 crore

§  Lalu’s Chara Ghotala – 950 crores – July 2008 IAS officer Sajjal gets four-yr RI for 39 crore scam

§  Hawala Scandal – 5000 crores

§  Bofors Scandal – 64 crores (Also Read: 1 2 3)

§  Narendra Rastogi serial scammer – more than 43 crores (Read more1)

§  Dalmia Scandal – 595 crores

§  Civil Aviation Minister Praful Patel fraud case-50 crores

§  UTI Scam – 32 crores

§  Mutual Fund Scam – 1350 crores

§  Bansali Scam – 1200 crores

§  Ketan Parekh’s Sebi Scam- 888 crores  - June 08 – SC issues arrest warrant against Ketan Parekh

§  Cobbler Scam – 1000 crores

§  Bribe to allot petrol pumps scam

§  Churhat lottery scam – ?

§  Anantnag transport subsidy scam – ?

§  Bangalore – Mysore Infrastructure Corridor – ?

§  Kerala SNC Lavalin power scandal – 374.5 crore loss – Dec 09 – Accused CPM leader Vijayan gets bail in graft case.

§  Telgi Scam – 171 crores - Telgi was sentenced 13 yrs RI and 100 cr fine. (Read More 1 2 Timeline 3)

§  Mayawati’s Taj Corridor- 175 crores alleged scam – Case was dropped in 2007 by the pecial designated court due to insufficient evidence (Read more 1 Is Politics such a high paying profession ? 2 May 2008 -Mayawati attempts to stop CBI investigation 3)

§  Motilal Goel Scam – 1000 crore

§  Satyam Fraud – 7 to 14000 crores – Pricewaterhouse Coopers saw no fraud in Satyam –  Nov 09 CBI arrested Satyam’s internal audit head V S Prabhakar Gupta for allegedly fabricating account books, just days before it is due to file a second chargesheet in the multi-crore fraud at the IT firm. Jul 10 – Promoters wrongfully gained 2643 crores  

Lalit Modi Indian Premier League (IPL) Scam – 1200 crores

Commonwealth Games Scam - 8000 crores

2G Scam – 1,76,000 crore