Top Scams in India

Accused Gentleman Scam Name Description Year Estimated Amount
A. Raja 2G spectrum scam Irregularities in allotting Wireless Radio Spectrum to ineligible Private operators by Telecom Ministry. License was given at a very low price, resulting in Huge National Loss 2007 – Exposed 2010 Rs. 1.76 Lakh Crore ( Rs. 176000000000)
Suresh Kalmadi CWG Scam (Common Wealth Game) Only half of the Amount allocated for the Prestigious CWG was spent for the preparation of the Tournament. 2010 Half of Rs. 7000 Crore
Ramalinga Raju Satyam Scam Declaration of Fictitious Assets. 2008 Rs. 8000 Crore
Harshad Mehta, Ketan Parekh Harshad Mehta Scam Found loopholes in Banking System and caused a scam in Share market 1991-1992 Rs. 5000 Crore
Hindujas, Quatrochi (an Itialian Businessman) Bofors Scam Purchasing Bofors howitzer at more than Actual Price 1987-1988 Rs. 40 Crore
Abdul Karim Telgi Telgi Scam Printing Duplicate Stamp Papers. 1194-95 Rs. 500 Crore
Bihar Ministry Fodder Scam or Chaara Ghotala Its a corruption scandal that involved the alleged embezzlement of about Indian Rs. 950 Crore (US$211.85 million) from the government treasury of the eastern Indian state of Bihar. 1996 Rs. 950 Crore
Jain Brothers Hawala Kaand The Hawala scandal or hawala scam was an Indian political scandal involving payments allegedly received by politicians through hawala brokers, the Jain brothers. It was a US$18 million bribery scandal that implicated some of the country’s leading politicians. 1997-1998 $ 18 Million


Although the value of Money increases over time, meaning, that Rs. 40 Crore in 1988 does mean a lot more in 2011, still we are just calculating the Sum. And the total Amount Comes out to be Rs. 197590 Crore =

Around Rs. 2Lakh Crore

Although 2G scam is considered to be the father of all scams, we can point out several many scams of More than Rs. 100 Crore.

Disclaimer: We, hereby, declare that above data is taken from various internet sources like,, Wikipedia etc and do not, in case condition whatsoever, claim the authenticity about the figures.

21 Comments for “Top Scams in India”

  1. Excellent site you have here but I was curious about if you knew of any message boards that cover the same topics talked about in this article? I’d really love to be a part of online community where I can get advice from other knowledgeable individuals that share the same interest. If you have any suggestions, please let me know. Bless you!|

  2. Pretty! This has been a really wonderful article.

    Thank you for supplying this information.

  3. excellent points altogether, you just received a brand new
    reader. What could you suggest about your post that you simply made a few days
    ago? Any certain?

  4. Great weblog here! Also your site lots up very fast!
    What host are you the usage of? Can I get your
    affiliate hyperlink to your host? I want my web site loaded up as quickly as
    yours lol

  5. Sometimes you may feel many people could be more assure at your residence?

  6. Do you own moving deck house in your residents?

  7. Very nice write-up. I certainly appreciate this
    website. Keep writing!

  8. I truly like these human hair weave .Hope this helps everyone interested.

  9. An outstanding share! I have just forwarded this onto a coworker who was conducting a little research on this.
    And he in fact ordered me dinner due to the fact that I found it for him…

    lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx
    for spending some time to discuss this subject here on your web site.

  10. Hi there, You’ve done a fantastic job. I’ll definitely digg it and personally recommend to my friends.
    I’m confident they’ll be benefited from this site.

  11. I blog quite often and I genuinely thank you for your content.
    This article has really peaked my interest. I am going to bookmark your
    site and keep checking for new details about once per week.

    I opted in for your RSS feed too.

  12. Do you have a spam problem on this website; I also am a blogger,
    and I was wanting to know your situation; many of us have created some nice procedures and we
    are looking to trade strategies with others, be sure to
    shoot me an e-mail if interested.

  13. I enjoy the info on your web sites. Appreciate it!

  14. You’re a really valuable web site; couldn’t make it without ya!

  15. Wow, gorgeous website. Thnx …

  16. The stuff is amazingly fascinating.

  17. I a few blonde lace wigs and also the noticeably are often the a large number of fine. it is a must obtain!

  18. Not all corporations offer 24-hour emergency services.

  19. It is what is usually used to clean carpets.

You must be logged in to post a comment Login

Photo Gallery

All the content of the site is Protected by Copyright @ 2011 Any duplication or copying of any content of the site is purely illegal