Scams in India since Independence.

As an inquisitive toddler,I would frequently ask my father and Mother - "Why do people lie?.Why do people commit crimes like theft,robbery,molestation,pickpocketing,rape.sexual abuse,murder etc.

And my father and mother would say,"Anupam,please don't irritate us.We do not know the reasons which impel people to commit such crimes".

As I grew up,I realized that apart from men & women on road,people in Police Uniform also commit crime.Examples are Mr Ravi Kant Sharma of Shivani Bhatnagar Murder case option and Mr Rathore of Ruchika Girhotra molestation case.Apart from these crimes, people in Police uniform have been responsible for numerous rape & molestation related crimes,especially in Mumbai option & Uttar Pradesh option.

Talking specifically about scams,I think the major scams which have haunted 'Mother India' since Independence are as follows:-

(1) Mundhra Scandal --- This scandal involved the then Finance Minister,Mr TT Krishnamachari,who pressurized the Government owned 'LIC of India' into bailing out Mr Haridas Mundhra,a Calcutta based Industrialist by buying shares worth Rs1.24 Crores in six companies owned by him.

(2) Fodder Scam of nearly 950 crores which was detected in 1996.

(3) Bofors Scandal.

(4) Security Scam of 1992 involving Mr Harshad Mehta.

(5) Lakhibhai Pathak cheating scandal.

(6) Hawala Scandal

(7) Lavalin Scandal involving Kerela Electricity Board.

(8) Ketan Parekh Scandal.

(9) Barak Missile Scandal.

(10) Tehelka Expose carried out through a sting operation in which it was alleged that kickbacks were paid in 15 defence deals.

(11) Telgi Fake Stamp scam.

(12) Food for oil programme scam involving Natwar Singh.

(13) Mid day Meal Scam of 2005 exposed in January 2006.

An analysis of the Scams committed since 1992 reveal that these scams involved huge money.Let us evaluate in monetary terms the magnitude of these Scams.

The monetary value of the Scams committed since 1992 are as follows:-

(a) 1992 -- Harshad Mehta Scam was worth Rs 5000 Crores.
(b) 1994 -- Sugar Import Scam was worth Rs 650 Crores.
(c) 1995 -- Preferential Allotment Scam was worth Rs 5000 Crores.
(d) 1995 -- Yugoslav Dinar scam was worth Rs 400 Crores.
(e) 1995 -- Meghalay Forest Scam was worth Rs 300Crores.
(f) 1996 -- Fertilisers Import Scam was worth 1300 Crores.
(g) 1997 -- Sukhram telecom Scam was worth Rs 400 Crores.
(h)1997 -- Lavalin Power project Scam was worth Rs 374 Crores.
(i) 1997 -- Bihar Land Scam was worth 1200 Crores
(j) 1997 -- C R Bhansali stock scam was worth Rs 1200 Crores.
(k) 1998 -- Teak Plantation Scam was worth rs 8000 Crores.
(l) 2001 -- UTI Scam was Rs 4800 Crores.
(m) 2001 -- Dinesh Dalmia Stock Scam was worth Rs 596 Crores.
(n) 2001 -- Ketan Parekh security scam was worth Rs 1250 Crores.
(o) 2002 -- Sanjay Agarwal Home Trade Scam was worth Rs 600 Crores.
(p) 2003 -- Telgi Stamp paper Scam was worth Rs 172 Crores.
(q) 2005 -- IPO Demat Scam was worth Rs 146 Crores.
(r) 2005 -- Bihar food relief Scam was worth 17 crores.
(s) 2005 -- Scorpene submarine Scam was worth Rs 18,978 crores.
(t) 2006 -- Punjab's city centre project scam
(u) 2006 -- Taj Corridor Scam was worth 175 Crores.
(v) 2008 -- Pune Billionaire Hasan Ali tax default scam was worth Rs 50,000 crores.
(w) 2008 - Satyam Scam was worth Rs 10.000 Crores.
(x) 2008 -- Army Ration Pilferage Scam was worth Rs 5000 crores.
(y) 2008 -- 2G Spectrum Scam was worth Rs 60.000 Crores.
(z) 2008 -- State Bank of Saurashtra Scam was worth Rs 95 crores.
(z - 1) 2008 -- Illegal money in Swiss Bank is worth Rs 71,00,000 Crores.
(z-2) 2009 -- Jharkhand Medical equipment scam was worth Rs 130 Crores.
(z-3) 2009 -- Rice export scam was worth Rs 2500 crores.
(z-3) 2009 -- Orissa Mine scam was worth Rs 7000 crores.
(z-4) 2009 -- Madhu Koda scam was worth Rs 4000 crores.
(z-5) 2010 - IPL fraud involving swine called Lalit Modi option was worth______?_________.
(z - 6) 2010 -- Commonwealth Games loot is worth _______?_________.

The total monetary worth of the Scam committed since 1992 in India is worth more than Rs 73 lakhs crores.

Today, friends I have got the answers to my questions which I used to ask my 'father and mother' as an inquisitive toddle.
If analyze these scam using your commomsense,you would come to the conclusion that the real thieves robbing our Country are essentially "Polticians,industrialists and stock broking dalals of dalal street".
Rest I leave it to the Commonsense of 'readers of my blog'.

This is Anupam Sinha signing off.
Yours Sincerely,
Anupam Sinha
Corporate Human Resource Advisor & Trainer.
Place:New-Delhi
Date:15.11.2010.
Time:4.55pm