Scams of india part 2

Contd.......

Remain scam they are listed below.

17. NRHM scam:-
The National Rural Health Mission more commonly known as NRHM is a central government
program designed to refine and boost the health care delivery which was concentrated in the
rural areas. Soon this National Rural Health Mission program came up to be a corruption
scandal in the state of Uttar Pradesh.

18. Ketan parekh scam:-
Ketan Parekh, a trainee of Harshad Mehta from Mumbai was a former stock broker who was
declared to be guilty of a criminal offence by the verdict of the jury for he played a major
manipulative role in the Indian stock market scam which took place between 1999- 2001.
However now he has been barred from trading in the Indian stock exchanges till 2017.

19. Narendra nastogi scam:-
Viren Rastogi an influential UK based businessman and his group of brothers all major
businessmen in the field of metal trading globally were charge sheeted for fraudulent
activities and duping nearly 20 banks including West LB, JP Morgan Chase and Dresdner
Bank. This also includes banks in India.

20. Public distribution scam :-
The former Chief Minister of Arunachal Pradesh Gegong Apang is reportedly accused for his
involvement in the Rs 1,000-crore public distribution system scandal and was placed in police
custody for a period of seven days. At the time of Gegong Apang arrest he was 61 year old
and he was charged on various grounds like for cheating and forgery under IPC.

21. Railgate scam:-
The Railgate scam reveals the fact that Vijay Singla nephew of former Railway Minister Pawan
Kumar Bansal was charged and arrested by the Central Bureau of Investigation officers for
apparently accepting illegal money or bribery of RS 90 lakh from a member of the Railway
Board.

22. Stayam scam:-
The scam caused by the Satyam Computer Services Limited, leading IT company of India is
one among the biggest scandals of a corporate firm in India which caused a huge loss to the
investors of about nearly Rs.14, 162 crores. Ramalinga Raju the Chief Executive Officer of
Satyam computers is the main accused in the scandal.

23. Saradha group scam:-
IA Kolkata based Saradha group of companies whose chief is Sudipta Sen has been
reportedly accused for its multi crores chit fund scam where it has cheated its lakh of
investors both poor and rich. Saradha group has more than 150 firms registered with the ROC
(Registrar of Companies) and deal with a number of business like real estate, automobile,
education and entertainment.

24. Scorpene scam:-
The Scorpene submarine scandal is once again a black mark to India which involves a bribery
of about Rs. 500 crores which has been reportedly said to be paid to the deciding authorities
of the government by Thales, a French based company who were the makers of the Scorpene
submarine.

25. Snc lavalin scam:-
This is a financial scandal involving the Indian Government and the Canadian Company SNC
Lavalin. This was a formal business between the Canadian Company SNC Lavalin with the
Indian government reporting a net loss of 3745.0 million to the exchequer. This business
dealing was about the renovation and upgrading work of the hydro electric power stations at
Pallivasal (37.5 mW), Sengulam (48 mW) and Panniar (30 mW).

26. State bank scam:-
State Bank of Saurashtra scam is nearly seven month old scam which happened in the year
2008. State bank of Saurashtra was one of the connect bank of the SBI. It was in the year
1902 that the State bank of Saurashtra was started as Bhavnagar Darbar Bank. Bhavnnagar isone of the sovereign entity or princely states of the Saurashtra region of Gujarat.

27. Solar panel scam:-
The popular Kerala Solar panel scam which took place in 2013 is another black mark to India.
The Kerala solar panel scam was about swindling of a huge amount of money by an illicit
solar energy company named Team Solar located in the state of Kerala in India. This scandal
involved mainly two women who very conveniently established contacts.

28. Tatra truck scam:-
Tatra Trucks is another scam listed in the history of Independent India. The charge filed in the
Tatra trucks scam is against some of the top officials of the Bharat Earth Movers Ltd (BEML)
which is a defence public undertaking. Bharat Earth Movers Ltd ( BEML ) a Bengaluru-based
public sector company that has a collaboration with Tatra Vectra Motors Ltd .

29. Telgi scam:-
Abdul Karim Telgi from Belgaum in Karnataka is the main accused in the major Telgi scam
which is worth more than 43,000 crores. The scam involved the printing and circulation of
duplicate stamps and stamp papers. The Telgi scam also involves senior police officials and
politicians who have aided Abdul Karim Telgi develop this multi crores business.

30. 2G spectrum scam:-
This is one among the biggest scam in the history of political India which involved politicians
and government officials against law undercharging mobile telephone companies for
frequency allocation licenses, which they would then use to create 2G spectrum subscriptions
for cell phones.

31. Urea scam:-
P.V. Prabhakar Rao, the youngest son of former Prime Minister P.V. Narasimha Rao has
caused a major public disgrace or shame and especially at the time of his father's rise in the
political career. The Enforcement department was however looking for the right evidence to
file a charge sheet against him and was hunting for P.V. Prabhakar Rao for his illegal
involvement in the Rs.133 crores urea scam in 1995.

32. UTI scam:-
The Unit Scheme of 1964 which is more commonly referred in terms of US-64 of the Unit
Trust of India faced and the investors of this cadre faced a major jolt in the year 1998 when
they came to known certain issues through the media reports stating that things were
seriously wrong with the mutual fund major. The US-64 scheme which was extremely doing
good suddenly noticed depleting funds and vindication which was exceeding the sales.

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