New Delhi: Corruption has emerged as the biggest disease that rots a society from inside and leaves a big hole. It not only shatters the image of the country all over the world but erodes the confidence of it citizens in their leaders. Not only some people but everyone is responsible for the rising corruption either by becoming a part of it or not opposing it vociferously. Today, we happily bribe the officials of various organization and thus silently become a part of it. India is becoming the hub of corrupt people who is not tolerable at all. This is the season of scams and the biggest ever corruption cases in India have been unearthed more recently. So, here we dig a little deep to find out which scams were the biggest and most damaging to the country and its citizens alike.
1) 2G Spectrum Scam: We witnessed huge scams over the years in India but none was bigger than the scam involving the process of allocating unified access service licenses. At the heart of this Rs.1.76-lakh crore worth of scam is the former Telecom minister A Raja – who according to the CAG, has evaded norms at every level as he carried out the dubious 2G license awards in 2008 at a throw-away price which were pegged at 2001 prices.
In some respects, this remains the biggest scam in India if you consider the inflation. The 2G spectrum allocation happened 5 years earlier than Coal Scam which came out in 2012.
2) Indian Coal Allocation Scam: Many may think that 2G scam remains the biggest one in India. But the coal allocation scam dwarfs it by the amount involved. This scam is with regards to Indian Government’s allocation of nation’s coal deposit to PSU’s and private companies. The scam happened under Manmohan Singh government and discovered in 2012.
The basic premise of this scam was that wrongful allocation of Coal deposits by Government without resorting to competitive bidding, which would have made huge amounts to the Government (to tune of 1.86 Lakh crore). However, the coal deposits were allocated arbitrarily.
3) Fodder scam: The scam popularly known as 'Chara Ghotala' and also emerged as the mother of all scams. The fodder scam was worth Rs 900 crore and for this, Lalu Prasad Yadav and Jagannath Mishra were disqualified from parliament for corruption. The scam was discovered in the year 1996 when animal husbandry department found corruption in the funds meant to purchase cattle fodder, medicines and animal farming equipment. By 2013, nearly 500 accused were convicted.
4) CWG scam: The CWG scam is probably the only Indian scam which attracted the attention of even international media. Huge concerns and controversy arupted before the 12-day sports event, 2010 Commonwealth Games, as it was estimated that India lost nearly Rs 35,000 crore while one in three Indians live below the poverty line. Apart from proving irrelevant to the common man, the Games, according to the Indian investigative agencies, found several other issues including corruption by the Games' officials, preparation delay in the construction of the Games' venues, possibility of terrorist attacks, labour law violation, child labour, misappropriation of funds, payment to non-existent parties among others.
5) Satyam scam: The biggest corporate scam that shook the whole nation and world alike involved fraudulent auditing practices allegedly in support with auditors and chartered accountants. The company, Satyam Computer Services Ltd, lied about its financial health by grossly inflating its account to stakeholders, board, regulators etc. As per the reports, the raised cash was used to purchase thousands of acres of land across Andhra Pradesh. Raju also admitted to have inflated the actual amount by showing 300 crore more than the actual amount.