Scams, corruption and frauds are nowadays a common thing in India. Almost everyday, every newspaper’s front pages are mostly filled with news related to scams, corruption. Let’s take a look at 10 of the most expensive scams in recent Indian history. Before I start please know that the following scams are not in any kinda definitive order.
1. Coalgate(2012) –
CAG found that coal mines were not auctioned but inappropriately distributed to only some specific companies. This scam costed the nation a whopping Rs.1,85,900 crore.
2. 2G Spectrum Scam(2008) –
Spectrums were auctioned at values lower than that of the market value and costed India Rs. 1,76,000 crore.
3. Commonwealth Games Scam (2010) –
Organizing the game costed central govt. Rs.70000 crore but it was later found out that only half of the total amount was actually spent.
4. Saradha Scandal(2013) –
Only two words to sum this scandal up – “Chit Fund.” It costed the peoples of West Bengal and Odisha a whopping Rs. 40000 crore.
5. Maharastra Irrigation Scam –
This scam costed the peoples of Maharashtra Rs. 35000 crore.
6. Delhi Airport Land Scam(2012) –
Due to a deal between Airports Authority of India and Delhi International Airport Limited for lease of land, Indians lost 1.63 lakh crore.
7. Ultra Mega Power Saving –
CAG reported that Reliance Power Limited got a benefit of Rs. 10000 crore in this govt. run project.
8. Vyapam Scam(2015) –
Vyapam scam is a scam related to recruitment for various govt. jobs and admission to various govt. institutes in Madhya Pradesh. The scam amounted to Rs. 6,300 crore.
9. NRHM Scam –
In this scam of Uttar Pradesh, top politicians looted about 10000 crore rupees from National Rural Health Mission.
10. Stamp Paper Scam –
Amounting to a total of 20000 crore rupees, this scam involves Abdul Karim Telgi and many government officials who sold duplicate stamp papers to many companies, banks etc.