Scams

scama One of the most talked about scams, a scam which lost the Congress party the elections! Even today, more than a decade later, it still haunts the Congress Party. It opened a whole new chapter in Indian Politics on the ?Kickbacks?. What is scam better known as? |

Bofors Gun Scam. The scam pertains to the kickbacks received by various officials and middlemen for the purchase of 410FH-77 guns for Rs 1, 437.72 Crore. The chief accused in this scam were Octavio Quattrocchi, Win Chadha, the Hinduja Brothers and S.K. Bhatnagar. It happened during the reign of the Congress Prime Minister Rajeev Gandhi and has ever since tainted his image! The Charge-sheet was filed 10 years after the case was filed!

This was the state of Bihar piece de resistance in Scams. Funds which were to the Animal Husbandry departments were re-routed to the pockets of a few ?distinguished? gentlemen. At the time, the approximate value of the scam was pinned at around Rs 1000 Crore. What is the name given to this scam? |

Fodder Scam. The fodder scam first reared its ugly head in January, 1996. Till 2003, 63 charge-sheets were filed in the courts; however, during the same period, only one conviction (of three officials) has taken place! Other prominent members (or people charged) include the Former Chief Minister Laloo Prasad Yadav, his wife Rabri Devi.

The most damaging of all the Scandals that took place in India during the 20th century. Whether it was the example of idiotic and ridiculous investing or a case of cunning calculations, the courts hadn't decided till 2003. But one thing is for sure, millions of investors all over the country lost all their vital investments. The chief of the Organisation, P.S Subramanyam was accused of foul-play thanks to a 32 Crore investment in Cyberspace (a Lucknow based company). What was the scam more famously called? |

UTI scam. UTI (Unit Trust of India) was India?s premier investment and mutual fund company. The scam was revealed at a time when the...