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 http://www.siliconindia.com/shownews/Top_10_business_scams_in_India-nid-88054.html, http://www.rediff.com/business/slide-show/slide-show-1-the-biggest-scams-in-india/20101230.htm, Wikipedia etc and do not, in case condition whatsoever, claim the authenticity about the figures.
