Corruption has become almost synonymous with Indian governmental administration and a part of the common man’s daily life. The common man is either a victim or a player of the game of corruption. Its roots have spread so deep inside that even some of the grossest corruptions now seem to be commonplace.
People nonchalantly pay bribes at several government offices for getting their job done and some bribe traffic polices to go scot-free without driving license. If corruption scams shock the Indian masses then they have to be really huge and perplexing. Here is a list of top corruption scams in India that will astound just about anyone.
Stock Market Scam
Image Source : HindustanTimes
Harshad Mehta who was once considered the iconic genius of stock market was found to be the biggest scammer of the same too. In a short span of time he had become the stock market guru whom the banks relied with closed eyes. Taking advantage of the trust endowed on him, Harshad made fake bank receipts and used share market loopholes to scam the bankers and the nation. The banks had lent him huge sums on the basis of his fake government securities. The total scam amounted to 4000 Crore.
Coal allocation scam
Image Source : IndianExpress
A bunch of politicians such as Subodh Kant Sahai, S Jagathrakshakan, Ajay Sancheti, Nitin Gadkeri, Rajendra Dadra, Vijay Dadra and Manmohan Singh were accused of selling India’s coal deposits illegally to private and state run organizations. The coal is a national treasure which is supposed to be auctioned among the public. CAG estimated the total loss to be around 1, 80,000 Crore due to this wrongful and illegitimate allocation of coal mines.
Chopper Scam
Image Source : HindustanTimes
Politicians and defense officers collaborated to take bribe for passing a contract for AugustaWestland for buying 12 AW01 helicopters. The contract was signed in February, 2010. CBI probe found that the former Air Force Chief Sashi Tyagi and his three associates were the main culprits of this scam.
Hawala Scam
The Hawala Scam which came to light in 1996 is a bribery scandal that involved many prominent Indian politicians of that time. The political leaders involved had accepted $18 million in bribe from Hawala brokers.
Commonwealth Game Scam
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This occurred in 2010 when the 7000 Crore INR allotted for the betterment of the players did not reach them. Hefty portion of the fund was used in paying off non- existent organizations, rather than being spent on sportspersons like it was intended.
Some corruption scams in India involved huge sum of money. In most cases government officials and political leaders were involved which is a shame for the country’s reputation.