Biggest Scams of India that Thrilled the Nation

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Our country India, which was once called the golden bird by the whole world. With the changing times, it was first finished by the British and now only the people of our country are destroying it, these people are none other than the people of our country who took advantage of their position and made billions of rupees.

There have been scams. We will tell you about such people of India who did the Biggest Scams in the History of our country.

  1. Colgate scam – Rs 86 lakh crore

It is said that the mouth is also black in coal brokerage, this proverb became true in the Colgate scam.
Coal allocation scam or Colgate scam is a political scandal that surfaced in 2012 when the UPA government was in power. The scam was brought to notice by the CAG after they accused the UPA government of illegally allotting 194 coal blocks between 2004 and 2009.
Colgate scam was one of those scams which shook the entire country as many bureaucrats and politicians were involved in it, although initially the CAG also did not have an accurate estimate of how big the scam happened. He had earlier estimated it at Rs 10 lakh crore. But in the final report, the amount of the scam was stated to be Rs 1.86 lakh crore.

2. Vijay Mallya – Rs 9000 crore

Liquor baron Vijay Mallya, once known as the King of Good Times, has now made his image that of a scamster who has fled abroad by fraud in the country. In fact, in 2016, Mallya fled the country and took refuge in the UK after being accused of fraud and money laundering in the country.
Vijay Mallya reportedly owes over Rs 9,000 crore to various banks, which he had taken as a loan to save his now defunct Kingfisher Airlines. Mallya was declared a fugitive economic offender under the Fugitive Economic Offenders Act in January 2019.

3. 2G Spectrum Scam – Rs 1,76,000 crore

When the government in the country is its own, then arbitrarily running itself and earning billions of trillions of rupees by fraud, this is probably the dark truth of the 2G spectrum scam when in 2008, the government of that time came under investigation.
When it was alleged that they had charged less than the mobile telephone companies for the frequency allocation licenses used for creating 2G spectrum subscriptions, and thus
Former Telecom Minister A. The king was also involved.

The CAG had said that there was a difference of Rs 1,76,000 crore between the amount collected and the amount to be collected. In 2012, spectrum was declared unconstitutional and arbitrary by the Supreme Court.
This led to the cancellation of more than 120 licenses.

4. Commonwealth Games scam – Rs 70,000 crore

In the year 2010, when India was selected for the Commonwealth Games among the whole world, at that time every countryman was not only happy but also proud that the name of India would be written in golden letters all over the world, but what does anyone know at that time? It was that in the coming time, this event will not be associated with pride and glory but with a big scam. The entire event was replete with allegations of criminal conspiracy, cheating and forgery and Commonwealth Games 2010 President Suresh Kalmadi was accused of corruption and malpractices. It was also pointed out that the Indian athletes were forced to live in terrible conditions instead of the accommodation allotted by the authorities. told the truth
If we go, this event does not bring any success moment in our mind, but reminds us of shameful moment of scam.

5. Bofors scam – Rs 64 crore

This is the biggest scam in the politics of India for many years and for many governments, in fact it is a big weapons contract scandal that took place between India and Sweden during the 1980s and 90s.
It happened in between. In 1986, India reportedly signed a deal worth Rs 1,437 crore (approximately) with Swedish arm manufacturer Bofors AB to supply its 155 mm field howitzers to the Indian Army. Several politicians, including the then Congress Prime Minister Rajiv Gandhi, were accused of taking bribes of over Rs 64 crore for the deal. In today’s time, the Bofors scam is being told about Rs 400 crore.

6. Nirav Modi PNB Bank Fraud – Rs 11,400 Crore

People’s luck often changes as soon as they get a diamond, but when the greed of a diamond trader increases beyond the limit, then it gets the name of a big scam and it happened which was done by a big diamond trader Nirav Modi. One of the most controversial scams in the country, the fraud allegedly took place through the Brady House brand of Punjab National Bank. Not only Nirav Modi, his uncle Mehul Choksi and two senior officials of PNB were also involved in this fraud. In 2018, PNB had filed a case in the CBI accusing Nirav Modi and the companies. He was associated with obtaining LOU against loan from PNB without paying the margin amount. This means that if those companies were not able to repay the loan, then PNB would have to pay the amount. noiseless at the moment
Modi is currently lodged in a London jail.

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