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CASE STUDY ON
SCAMS IN INDIA
BY PAVAN KUMAR R KAKARADDI
WHAT IS A SCAM ?
•A scam is an illegal trick, usually
with the purpose of getting money
from people or avoiding paying tax.
INDIAN COAL ALLOCATION SCAM
• COAL ALLOCATION SCAM -1.86lakh crores
(1,86,000,00,00,000)
This scam took place under the UPA governments
prime minister Manmohan Singh rule . This
scam is regarding allocation of coal deposits of
country to PSU’S and private sector companies
The basic premise of the scam was that the
wrongful allocation of the coal deposits without
resorting to the competitive bidding which would
have made government a huge amounts around
1.86 crores
2G SPECTRUM SCAM
2G spectrum scam -1.76lakh crores
(1,76,000,00,00,000)
• ACCORDING TO COMPTROLLER AND AUDITOR GENERAL (CAG)
• 2G SPECTRUM SOLD BY GOVERNMENT AT A VERY CHEAP PRICE
IN 2008
• RULES AND REGULATIONS WERE NOT FOLLOWED AT ANY STEP
• REVENUE LOSS CAUSED FOR GOVERNMENT -1.76lakh CRORES
PERSONS INVOLVED IN SCAM
• 1) A.RAJA ( TELECOM MINISTER)
• 2) ARUN JAITLEY
• 3) BARKHA DUTT
• 4) ARUN SHOURIE
• 5)PRAMOD MAHAJAN
• 6) M.KARUNANIDHI
WAKF BOARD LAND SCAM
• WAKF BOARD LAND SCAM-1.5-2lakh CRORES
• (1,50,000,00,00,000-2,00,000,00,00,000)
• IN 2012 THE CHAIRMAN KARNATAKA STATE
MINORITIES COMMISSION SUBMITTED A REPORT
STATING 27,000 ACRES OF LAND WHICH WAS
UNDER WAKF BOARD HAD BEEN ALLOCATED
ILLEGALLY OR MISAPPROPRIATELY
• ALLMOST ALL THE LAND WAS UNDER THE HOLD
OF POLITICIANS WAKF BOARD MEMBERS AND
LAND MAFIA
• THIS LAND ACTUALLY BELONGED TO POOR
MUSLIM’S WHO HAD NO PLACE TO STAY
COMMONWEALTH GAMES SCAM
COMMONWEALTH GAMES SCAM
70 thousand CRORES(70,000,00,00,000)
• AROUND 70 thousand CRORES WAS ALOTTED
FOR THE C0MMON WEALTH GAMES WHERE
AROUND ONLY 50 % WERE USED FOR
SPORTS PERSONS
• WHEN INVESTIGATED THERE WERE
DISCREPENCIES LIKE PAYMENT TO NON-
EXISTING PARTIES, WILL- FULL DELAYS IN
EXECUTING THE CONTRACTS OVER
INFLATED PRICE AND MISAPPROPRIATION
OF FUNDS
TELGI SCAM
TELGI SCAM - 20,000 CRORES
(20,000,00,00,000)
• ABDUL KARIM TELGI’S STAMP PAPER SCAM
WAS ON OF THE MOST INNOVATIVE SCAM
AS HE HAD DUPED THE NATION BY
PRINTING FAKE STAMP PAPERS.
• HE BEGAN THIS CAREER AS A FAKE
PASSPORT MAKER AFTER THAT HE
STARTED TO SELL THE STAMP PAPERS TO
BANKS INSURANCE FIRM ETC
• THERE WERE MANY GOVT OFFICIALS
INVOLVED AND ONE POLICE OFFICER WHO
HAD AN SALARY OF 9000/- RS. HAD AN
ASSET WORTH OF 100 CRORES
SATYAM SCAM
SATYAM SCAM – 14,000 CRORES
(14,000,00,00,000)
• THE COMPANYS DISGRACED CHAIRMAN
RAMALINGA RAJU KEPT EVERY ONE IN THE DARK
FOR A DECADE BY FUDGING THE BOOKS OF
ACCOUNTS FOR SEVERAL YEARS AND INFLATING
REVENUESAND PROFIT FIGURESOF SATYAM
COMPUTERS BY WHICH THE INVESTORS STARTED
INVESTING A HUGE AMOUNT OF SHARES IN THIS
COMPANY
• AFTER THE CASE WAS CLOSED IT WAS TAKEN
OVER BY TECH MAHINDRA WHICH HAS DONE
WELL TO REVIVE THE BRAND
THE FODDER SCAM
THE FODDER SCAM -1000CRORES
(1,000,00,00,000)
• IT IS A CORRUPTION WORTH 1000 CRORES
AN UNHOLY NEXUS WAS TRACED
INVOLVED IN FABRICATION OF VAST HERDS
OF FICTICIOUS LIVESTOCK FOR WHICH
• FODDER , ANIMAL MEDICINE AND ANIMAL
HUSBANDRY EQUIPMENTS WAS SUPPOSED
TO PROCURE
BOFORS SCAM
BOFORS SCAM (200 CRORES)
PRESENTLY -3,082,54,70,533(AFTER
CALCULATING INFLATION)
• WHEN THE THEN PM RAJIV GHANDHI AND
SEVERAL OTHERS INCLUDING A
POWERFUL NRI FAMILY HINDUJA’S WERE
ACCUSED OF RECEIVING KICKBACKS FROM
BOFORS AB FOR WINNING A BID TO SUPPLY
INDIA’S 155MM FIELD HOWITZER
• THE BOFORS SCAM HAD AN STRONG
EMOTIONAL APPEAL BECAUSE IT WAS
RELATED TO THE DEFENCE SERVICES AND
INDIA’S SECURITY
AS A UPCOMING CITIZEN
• WE SHOULD PROMISE OURSELVES NOT TO
INVOLVE , PROVOKE SOMEONE IN
CORRUPTIONAL PRACTICES
• WE CAN BUILD A HEALTHY NATION BY
AVOIDING CORRUPTION
THANK YOU

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Case study on scams in india

  • 1. CASE STUDY ON SCAMS IN INDIA BY PAVAN KUMAR R KAKARADDI
  • 2. WHAT IS A SCAM ? •A scam is an illegal trick, usually with the purpose of getting money from people or avoiding paying tax.
  • 4. • COAL ALLOCATION SCAM -1.86lakh crores (1,86,000,00,00,000) This scam took place under the UPA governments prime minister Manmohan Singh rule . This scam is regarding allocation of coal deposits of country to PSU’S and private sector companies The basic premise of the scam was that the wrongful allocation of the coal deposits without resorting to the competitive bidding which would have made government a huge amounts around 1.86 crores
  • 6. 2G spectrum scam -1.76lakh crores (1,76,000,00,00,000) • ACCORDING TO COMPTROLLER AND AUDITOR GENERAL (CAG) • 2G SPECTRUM SOLD BY GOVERNMENT AT A VERY CHEAP PRICE IN 2008 • RULES AND REGULATIONS WERE NOT FOLLOWED AT ANY STEP • REVENUE LOSS CAUSED FOR GOVERNMENT -1.76lakh CRORES PERSONS INVOLVED IN SCAM • 1) A.RAJA ( TELECOM MINISTER) • 2) ARUN JAITLEY • 3) BARKHA DUTT • 4) ARUN SHOURIE • 5)PRAMOD MAHAJAN • 6) M.KARUNANIDHI
  • 8. • WAKF BOARD LAND SCAM-1.5-2lakh CRORES • (1,50,000,00,00,000-2,00,000,00,00,000) • IN 2012 THE CHAIRMAN KARNATAKA STATE MINORITIES COMMISSION SUBMITTED A REPORT STATING 27,000 ACRES OF LAND WHICH WAS UNDER WAKF BOARD HAD BEEN ALLOCATED ILLEGALLY OR MISAPPROPRIATELY • ALLMOST ALL THE LAND WAS UNDER THE HOLD OF POLITICIANS WAKF BOARD MEMBERS AND LAND MAFIA • THIS LAND ACTUALLY BELONGED TO POOR MUSLIM’S WHO HAD NO PLACE TO STAY
  • 10. COMMONWEALTH GAMES SCAM 70 thousand CRORES(70,000,00,00,000) • AROUND 70 thousand CRORES WAS ALOTTED FOR THE C0MMON WEALTH GAMES WHERE AROUND ONLY 50 % WERE USED FOR SPORTS PERSONS • WHEN INVESTIGATED THERE WERE DISCREPENCIES LIKE PAYMENT TO NON- EXISTING PARTIES, WILL- FULL DELAYS IN EXECUTING THE CONTRACTS OVER INFLATED PRICE AND MISAPPROPRIATION OF FUNDS
  • 12. TELGI SCAM - 20,000 CRORES (20,000,00,00,000) • ABDUL KARIM TELGI’S STAMP PAPER SCAM WAS ON OF THE MOST INNOVATIVE SCAM AS HE HAD DUPED THE NATION BY PRINTING FAKE STAMP PAPERS. • HE BEGAN THIS CAREER AS A FAKE PASSPORT MAKER AFTER THAT HE STARTED TO SELL THE STAMP PAPERS TO BANKS INSURANCE FIRM ETC • THERE WERE MANY GOVT OFFICIALS INVOLVED AND ONE POLICE OFFICER WHO HAD AN SALARY OF 9000/- RS. HAD AN ASSET WORTH OF 100 CRORES
  • 14. SATYAM SCAM – 14,000 CRORES (14,000,00,00,000) • THE COMPANYS DISGRACED CHAIRMAN RAMALINGA RAJU KEPT EVERY ONE IN THE DARK FOR A DECADE BY FUDGING THE BOOKS OF ACCOUNTS FOR SEVERAL YEARS AND INFLATING REVENUESAND PROFIT FIGURESOF SATYAM COMPUTERS BY WHICH THE INVESTORS STARTED INVESTING A HUGE AMOUNT OF SHARES IN THIS COMPANY • AFTER THE CASE WAS CLOSED IT WAS TAKEN OVER BY TECH MAHINDRA WHICH HAS DONE WELL TO REVIVE THE BRAND
  • 16. THE FODDER SCAM -1000CRORES (1,000,00,00,000) • IT IS A CORRUPTION WORTH 1000 CRORES AN UNHOLY NEXUS WAS TRACED INVOLVED IN FABRICATION OF VAST HERDS OF FICTICIOUS LIVESTOCK FOR WHICH • FODDER , ANIMAL MEDICINE AND ANIMAL HUSBANDRY EQUIPMENTS WAS SUPPOSED TO PROCURE
  • 18. BOFORS SCAM (200 CRORES) PRESENTLY -3,082,54,70,533(AFTER CALCULATING INFLATION) • WHEN THE THEN PM RAJIV GHANDHI AND SEVERAL OTHERS INCLUDING A POWERFUL NRI FAMILY HINDUJA’S WERE ACCUSED OF RECEIVING KICKBACKS FROM BOFORS AB FOR WINNING A BID TO SUPPLY INDIA’S 155MM FIELD HOWITZER • THE BOFORS SCAM HAD AN STRONG EMOTIONAL APPEAL BECAUSE IT WAS RELATED TO THE DEFENCE SERVICES AND INDIA’S SECURITY
  • 19. AS A UPCOMING CITIZEN • WE SHOULD PROMISE OURSELVES NOT TO INVOLVE , PROVOKE SOMEONE IN CORRUPTIONAL PRACTICES • WE CAN BUILD A HEALTHY NATION BY AVOIDING CORRUPTION