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    20 political scams that shamed India

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    India has been rocked by a spate of scams in the recent past. Here is an overview of some of the most infamous scams that have hit the country over the years. Tell us which of these scams has caused the most damage to the country? | DNAINDIA

    2011 Antrix Devas deal: The scam involves former ISRO chairman G Madhavan Nair and three other scientists who were responsible for a controversial contract between Antrix Corporation and Devas Multimedia Private Limited on January 28, 2005. Under the deal, Antrix was to provide 70 MHz of S-Band wavelength to Devas for broadcasting purposes. This was to be done by ISRO leasing out S-band transponders in two satellites (GSAT6 and GSAT6A) to Devas.
    2013 Chopper scam: Better known as Choppergate, the scam involves several politicians and defence officers, who have been accused of having accepted bribes from AugustaWestland to clear a contract to supply 12 AgustaWestland AW101 helicopters to India.

    2012 Coal block allocation scam: Dubbed as Coalgate by the media, the scam once again exposed corruption in the higher echelons of power in the country. The scandal involves allocation of the country's coal deposits to public and private sector companies by Prime Minister Manmohan Singh.

    2013 Railgate: On May 3, 2013, CBI arrested former Railway Minister Pawan Kumar Bansal's nephew, Vijay Singla, from Chandigarh for allegedly accepting a bribe of Rs90 lakh from Narayana Rao Manjunath and Sandeep Goyal on behalf of Mahesh Kumar, a member of the Indian Railway Board, in exchange of getting a higher ranking position on the Railway Board.
    2011 Tatra truck scam: Top officials of Bharat Earth Movers Ltd (BEML), a defence public sector undertaking, and the defence ministry siphoned off Rs750 crore in bribes and commissions over the past 14 years in the purchase of components for Tatra trucks.

    Side story: http://crowncapitalmngt.com/terms.html

    2010 2G spectrum: One of the largest financial scams in the country, the 2G scam involves undercharging by government officials to various telecom companies during the allocation of 2G licenses for cell phone subscriptions.

    2010 CWG: Among all the scams in India, the CWG scam is perhaps the only one that drew the attention of media worldwide. A day after the conclusion of the Games, the Centre announced formation of a special committee to probe allegations of corruption and mismanagement against the Organising Committee (OC).

    1996 Fodder scam: Known as the mother of all scandals, though the Fodder scam had been going on for over two decades before it came to light in 1996 in the town of Chaibasa, Bihar. The scam involved fabrication of fictitious livestock for which fodder, medicines and animal husbandry equipment was supposedly procured. The animal husbandry department is said to have embezzled Rs950 crore through the scheme.

    2011 Stock market scam: Ketan Parekh is a former stock broker from Mumbai, was involved in circular trading throughout the time period and with a variety of companies, including Global Trust Bank and Madhavpura Mercantile Co-operative Bank.

    2009 Satyam Computer Services scandal: In this biggest scam ever to hit India’s IT sector, Chairman of Satyam Computers, B Ramalinga Raju, admitted to to doctoring the company’s balancesheets.

    1992 Securities scam: Popularly know as the Big Bull, stock broker Harshad Mehta engaged in a massive stock manipulation scheme financed by worthless bank receipts, which his firm brokered in "ready forward" transactions between banks.

    1980-90s Bofors scandal: The Bofors scam that took place between 1980s and 1990s had stirred a big controversy in the country as then Prime Minister Rajiv Gandhi and several others were accused of receiving kickbacks from the now defunct Swedish arms company Bofors AB for claring a contract to supply India's 155 mm field howitzer.

    Adarsh Housing society scam: The scam involves the Adarsh Cooperative Housing Society. The building, which was originally meant to be a six-storey structure for Kargil war heroes and war widows, was converted into a 31-storey highrise.

    Hawala scam: The Hawala scandal or hawala scam was involved payments amounting to Rs1,000 crore allegedly received by politicians through four hawala brokers, the Jain brothers.It was alleged that terrorist outfits in Kashmir received funding by this means.

    Complete story: dnaindia.com/india/1881475/report-top-20..
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