Firoz.T.Totanawala The Bangalore Metro Reporter I N D I A : The Scam Ridden Country Rs. 7,30,00,00,00,00,000 or 73-Lakh-Crores of Public Money swindled in the Scams in just 17 years

By. Firoz.T Totanawala

The Bangalore Metro Reporter

I N D I A :

The Scam Ridden Country

 

Rs. 7,30,00,00,00,00,000 or 73-Lakh-Crores of Public Money swindled in the Scams in just 17 years

 

Not long ago did our freedom fighters sacrifice their families and lives to liberate our country from the clutches of the British in order to provide us a free and an independent Nation. But the euphoria of the great Independence faded soon.  

Though we proudly proclaim ourselves as one of the largest Democracies in the world and console ourselves of having a public run Government, let us also see the other side of the coin.

After the Independence the power of running India rested in the hands of leading freedom fighters. But gradually selfish and unethical members of the society joined the race of Governing India. Soon, there were many crooks in the forefront whose priorities were their own vested interests. The so called Golden Bird- India was mauled, manhandled and manipulated by these crooks as they indulged in misappropriation of finances and their duties. India then consistently witnessed number of scams and frauds that involved amount to the tunes of lakhs of crores. Our vote seekers who come to power are indeed liable for all their actions and also accountable for financial undertakings. It is our duty and right to know about their activities after coming to power. Nevertheless, do not expect much, and hold your breath, because the details given below will surely sweep you off your feet.

In order to give citizens an insight into how much of public money is being blown up by our vote seekers we are presenting here under a brief of scams that were made public and that too only from the years 1992 to 2009.  Please note that these are the scams that were made public and the amount of the scam as officially disclosed by the respective agencies.

 

   1992 Harshad Mehta securities scam 

Rs 5,000 cr

1994 Sugar import scam   

                                                   Rs 650 cr

1995 Preferential allotment scam

Rs 5,000 cr

 

 Yugoslav Dinar scam 

Rs 400 cr

 

Meghalaya Forest scam

Rs 300 cr

1996 Fertiliser import scam

Rs 1,300 cr

 

Urea scam

Rs 133 cr

 

Bihar fodder scam

Rs 950 cr

 

1997 Sukh Ram telecom scam

Rs 1,500 cr

 

SNC Lavalin power project scam

Rs 374 cr

 

 Bihar land scandal 

Rs 400 cr

 

C.R. Bhansali stock scam 

Rs 1,200 cr

 

1998  Teak plantation swindles 

Rs 8,000 cr

 

2001 UTI scam

Rs 4,800 cr

 

Dinesh Dalmia stock scam 

Rs 595 cr

 

Ketan Parekh securities scam 

Rs 1,250 cr

 

2002  Sanjay Agarwal Home Trade scam 

Rs 600 cr

 

2003  Telgi stamp paper scam 

Rs 172 cr

 

2005 IPO-Demat scam 

Rs 146 cr

 

Bihar flood relief scam 

Rs 17 cr

 

Scorpene submarine scam

Rs 18,978 cr

 

2006 Punjab's City

1994 Sugar import scam 

Rs 650 cr

 

1995 Preferential allotment scam

Rs 5,000 cr

 

 Yugoslav Dinar Centre project scam

Rs 1,500 cr,

 

Taj Corridor scam

Rs 175 cr

 

2008   Pune billionaire Hassan Ali Khan tax default

Rs 50,000 cr

 

The Satyam scam

Rs 10,000 cr

 

 Army ration pilferage scam

Rs 5,000 cr

 

 The 2-G spectrum swindles 

Rs 60,000 cr

 

State Bank of Saurashtra scam

Rs 95 cr

 

Illegal money in Swiss banks, as estimated in 2008

Rs 71,00,000 cr

 

2009 The Jharkhand medical equipment scam

Rs 130 cr

 

Rice export scam 

Rs 2,500 cr

 

Orissa mine scam

Rs 7,000 cr

 

Madhu Koda mining scam 

Rs 4,000 cr"

 

 

CUMULATED SCAM AMOUNT is astronomical

 

Rs.73-Lakh-Crore!

 

The word 'Scam', which is impregnated with the acts like misappropriation, swindling and cheating of public money and funds, amounts to a whopping 73 lakh crores that too only for 17 years from the year 1992 to 2009, considering only the scams that were made public.

The cumulated sums of the above said money     exceeds the astronomical figure of Rs. 7,30,00,00,00,00,000 or 73 Lakh Crores since the year 1992 just in a 17 year period.