A BASIC REASON WHICH I FEEL BEHIND THE TUMBLING DOWN OF INDIAN RUPEE!!!!! BILLIONS AND TRILLIONS OF INDIAN RUPEE IS SUCKED OUT OF INDIAN MARKET BY OUR SO CALLED POLITICIANS IN THE NAME SCANDALS, HAWALAS, BLACK MONEY AND NOW THEY SAY WE CANT DO ANYTHING ... AND THEY EVEN STARTED PLAYING BLAME GAME RBI(RAM BHAROSE INDIA). Jawaharlal Nehru 1947–1964 Jeeps scam In the next year of independent India, first scam took place. VK Krishna Menon, who was high commissioner in Britain made a deal with foreign company for army jeeps by crossing the regulations. He had made the deal of Rs. 80,00,000 and this was found out in 1955 when he was in the ministry of Jawaharlal Nehru. Cycles scam Cycles imports scam took place in 1951. SA Venkataraman who was the industrial minister was bribed and he gave the permission to a foreign country for the sale of their company cycles. BHU scam BHU scam took place in 1956 and it was the first scam among the scams in educational institutions. Authorities of Banaras Hindu university wasted Rs. 50,00,000 of the treasury. Mundra scam Mundra scam which took place in 1957 was brought out by media. Haridas Mundra who belongs to Kolkata sold the shares of LIC by cheating the authorities. Jawaharlal Nehru who was the Prime Minister kept a case on him in Supreme court and it is declared that Mundra had sold non-existing shares which were of Rs.1.25 crores. LIC company was at a great loss. Mundra was punished for 22 years of jail sentence and the finance minster T.T. Krishnamachary resigned from the post. Teja loan scam Teja loan scam took place in 1960. Jayanth Dhramateja took Rs. 22 crores as loan to establish Jayanth Shipping company but without establishing the company, he ran with the money. Kairan scandal In Kairan scam in 1963, Pratap Singn Kairan resigned the post of chief minister after one year when he was blamed that he was misusing the powers and facilities of the minister for his personal life. Lal Bahadur Shastri 1964-1966 Biju Patnaik corruption In Patnai Selfgoal in 1965, Odessa Chief Minister Biju Patnayak resigned the post as he gave the government project for his own company which is Kalinga tubes company. Indira Gandhi 1966-1977 Maruti controversy Indira Gandhi’s name was shouted out in Maruti scam in 1974 that she was giving the license of the cars to her son Sanjay Gandhi before the company was established. Indian oil scam Indian Oil scam in 1976 was done by Indian oil company. It had made agreements with the Hongkong company which was not in existence and took bribes. A R Anthule corruption A.R. Anthule who was the chief Minister of Maharashtra in Past had taken Rs. 30 crores from the cement company and kept this money in a private trust. Indira Gandhi 1980-1984 Churhat lottery scam Churhat lottery scam involving Congress minister Arjun singh Rajiv Gandhi 1984-1989 Westland helicopter scam The Prime Minister Rajiv gandhi forced the public sector Pawan Hans Corporation to buy 21 helicopters from a British company that was shutting down. A series of technical faults and crashes followed. The helicopters were eventually discarded as junk and lined up at an unused airport in Mumbai. HDW submarine scam HDW commissions scam was found in 1987 and in this scam, HDW submarine company had given Rs. 20 crores as commissions. So this company was blocked. The case was closed in 2005. Bofors scam Bofors scam took place in 1987 and Bofors Swedish company had said that it had given Rs. 64 crores of bribe to the Rajiv Gandhi and other popular people in India. Boeing Air India scam It was Enforcement Directorates investigation into Hasan Ali Khan in 2011, which brought this scam tumbling out of the closet. Surely Rajiv Gandhi regime had more affairs to be proud of than the Bofors scam. Saint Kits forgery Saint Kits forgery took place in 1989 and forgery was done to show that VP Singh was also partner in the Rs.2.1 crores which was in his sons account in Saint Kits first trust corporation. Indian Airlines controversy Indian Airlines made Rs. 2000 crores contract with Airbus company even after A-320 flight accident. Flights were not issued but Rs.2.5 crores was the loss incurred. PV Narasimha Rao 1991-1996 Solamki scam Solamki scam took place in 1992. In this scam, Madhav Singh Solamki who was the foreign affairs minister had resigned the post as his letter to Switzerland foreign Affairs Minister was published by India Today magazine. Harshad Mehta scam Securities scam in 1992 was done for Rs. 5000 crores. In this scam, Harshad Mehta had made the made the banks to invest the company’s money in various fields in stock market. Loss was incurred. Indian Bank scam Few popular people and other famous people took Rs. 1300 crores of loan from the Indian bank with the help of Indian bank chairman M.Gopala Krishna and did not pay back. Sugar imports scam 1994 Past Health minister Kalpanth Rai had imported the sugar for more price than the market price and as a result, there was Rs. 650 crores loss to the treasury. MS Shoes scam MS shoes scam also took place in 1994. Pavan Sachdev who was the owner of MS Boots company had bought the shares at very low price along with SB and SBI cops. So people had invested Rs. 699 crores in the shares. JMM bribery scandal JMM bribes scam took place in 1995 and in this JMM had agreed that he and other three MPs had taken Rs. 30,00,000 to protect the P.V. Narasinha Rao government. Lakhubhai Pathak scandal England-based NRI pickle king Lakhubhai Pathak, alleged that ‘godman’ Chandraswami and K N Aggarwal alias Mamaji, cheated him of $100,000 in 1983, promising they would get him a paper pulp supply contract. He accused P V Narsimha Rao, then minister in the Congress government. Sukhram corruption There were rumors that Sukhram who was communication minister had agreed to buy the telecom devices from a company in Hyderabad and there was Rs.1.6 crore loss incurred for the government treasury. This scam took place in 1996. Fodder scam Bihar Animal Husbandry department withdrew Rs. 950 crores from the treasury for animal feeding in 1996. After one year, Lalu Prasad Yadav had resigned the post as he was also one of the partners in the scam. Urea scam Urea agreement in 1996 was another scam in that year. CS Ram Krishnan had taken Rs. 133 crores from the government to supply urea but he did not supply urea. Hawala scam Hawala diaries scam took place in 1996 and it was brought in CBI ride on Hawala operators. SK Jain Diaries were a sensation in this scam. IK Gujral 1997 CRB scam CRB scam took place in 1997. Roop Bansali had established Pyramid business company and collected thousand crore rupees of deposits. He had also got one banking license and when State bank authorities had found that there was no money for the warrants he had shown, scam was found out. By this time, small investors were at loss. Companies scam Non-existence of Companies scam took place in 1998. Finance minister Chidambaram came to know that hundreds of companies had collected people’s money and when he enquired, 600 companies were not existing. In this 80 companies had collected Rs. 330.78 crores of money and disappeared. AB Vajpeyee 1998-2004 Mohata scam Mohata entered in other scam again in 1998. He increased value of Videocon, BPL and sterilite company shares along with their promoters. When the shares value had fell, Mohata was debarred for the lifetime. Plantation scam Plantation company scam took place in 1999 and in this scam, 653 companies had collected Rs. 2,563 crores of amount from the people. Apart from profits and interests, people could not get the invested money also. Match fixing scam Match fixing scam in the year 2000 took place in Cricket history. There were rumors that Azaruddin, Ajay Jadeja and Prabhakar had taken money and did match fixing. Coffin scam Ketan Parekh Ketan Parekh scam took place in 2001 and he was great at scams than Mohata. Mohata had used the receipts of the banks but Ketan had used the pay orders to do the scam. He incurred loss to the HFCL (Rs.425 crores) and Zee companies (Rs. 340 crores) along with banks. Kethan Farakh had made one lakh fifteen thousand crores of money disappear from the stock market. In 2002, Farakh was arrested and he was abandoned from the stock market. Tehelka controversy 2001 Tehelka operation was done in 2001 and in this operation, it had used secret spy cameras and brought many issues into limelight. Military people and political leaders were present in the issues. Home trade scam Home trade scam took place in 2002 and Home trade which belongs to Navi Mumbai company had taken Rs. 600 crores from Maharashtra and Gujarat banks. Company CEO Sanjay Agarwal was arrested. Stamp paper scam Stamp papers scam in 2003 incurred a loss of Rs. 30,000 crores to Indian treasury. There were police officials and other higher officials. Manmohan Singh 2004 till present Oil for food scam The scam took place in 2005 and K.Natwar Singh was dismissed from the duty after finding the oil scam with Iraq for food. Satyam scam Madhu Koda corruption Madhu Koda Congress supported his govt in Jharkhand] [2009] MHADA flats scam Congress government in Maharashtra constructed posh flats in Mumbai using public money and gave away flats to its members flouting rules. Siachen army ration scam Cash for votes scam IPL scam Sukna land scam 2G scam Karnataka landscam Commonwealth games scam Adarsh society scam ISRO Devas scam Pune landscam Fake pilots scam Telephone exchange scam Another case of UPA minister looting India right under the nose of an incompetent Prime minister. Even though CBI indicted Dayanidhi Maran, no action taken by UPA government against Maran and the report kept under wraps. NTRO scam Scam involving the Research and Analysis Wing orchestrated under the UPA Coal mines scam NRHM scam Scam in Uttar Pradesh siphoning off the health grants from Central government. Tatra defence procurement scam Involves kickbacks, a clone of the Bofors scam ENI scam A return of the company once famous for its links to Quattracchi. Interestingly it got exploration licenses after Congress under Sonia Gandhi returned to power in 2004. KG basin oil scam Another scam in the UPA government. This one was buried very quietly and media for reasons unknown did a very subdued coverage of this large scale corruption. Reliance Power scam Another case after the 2G scam where the Anil Ambani company reaped huge benefits from the UPA government and CAG played the spoilsport. Other scams Mining scams of India Systematic loot of Indian resources since independence by industrialist in connivance with politicians and bureaucrats. The people behind the mining were regarded as too dangerous and too powerful by Karnataka Lokayukta Justice Hegde • Coal mines scam • Orissa mining scam • Karnataka mining scam Speak Asia scam For a change nothing to do with Congress and Pawar. IIPM scam Often regarded as the Great Indian fraud in education. Others • AG Agrotech scam • Cobbler scam • SNC Lavalin scam • Taj corridor scam • UTI scam And the list continues to grow JAN HIT MAIN JARI - BY DEEPAK BATRA
Posted on: Fri, 30 Aug 2013 06:15:25 +0000
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