Producer: Peuli Bakshi

10 Biggest Scams of India

!

2G Spectrum Scam (2010)

This telecom scandal involved the misallocation of 2G spectrum licenses, causing an estimated loss of 100 crores.

Punjab National Bank Scam (2018)

Businessman Nirav Modi and his associates defrauded PNB, by obtaining fraudulent letters of undertaking, resulting in a massive loss.

Commonwealth Games Scam (2010)

Corruption and financial irregularities were uncovered in the preparations for the 2010 Commonwealth Games held in Delhi.

Harshad Mehta Scam (1992)

Harshad Mehta manipulated the stock market using various illegal means, leading to a significant securities fraud.

Bofors Scam (1980s)

A major arms procurement scandal, involving allegations of kickbacks and illegal payments made in the purchase of Bofors howitzer artillery guns for the Indian Army.

Satyam Scam (2009)

The chairman of Satyam Computer Services, Ramalinga Raju, confessed to inflating the company's accounts and assets, leading to one of the largest corporate frauds in India.

Saradha Chit Fund Scam (2013)

A Ponzi scheme in West Bengal that duped thousands of investors by promising high returns, causing significant financial distress.

Vyapam Scam (2013)

A massive admission and recruitment scam in Madhya Pradesh involving politicians, officials, and students manipulating exam results.

Telgi Scam (2000)

Abdul Karim Telgi and his racket forged stamp papers, resulting in substantial revenue  osses for the Indian government.

Fodder Scam (1996)

Also known as the 'Chara Ghotala', this case involved embezzlement of funds meant for cattle fodder in Bihar, with prominent politicians and bureaucrats implicated.