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India's top scams since '91
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Fodder scam (1996)Amount: Rs. 950 croreAccused: Jagannath Mishra and Lalu PrasadDescription: Over two decades, crores of rupees were billed to provide cattle feed, etc, to “fictitious livestock”.
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Securities scam (1992)Amount: Rs. 4,000 croreAccused: Harshad MehtaDescription: Rs. 4,000 crore was swindled in a scam involving banking officials, stockbrokers and politicians.
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Hawala scam (1996)Amount: Rs. 810 croreAccused: LK Advani, VC Shukla, P Shiv Shankar Description: Major politicians allegedly received kickbacks totalling $18 million from the Jain brothers.
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CWG scam (2010)Accused: Suresh KalmadiDescription: Involved allegations of graft, selective awarding of contracts, fudging of accounts, mismanagement of funds.
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2G spectrum scam (2007-08)Amount: Rs. 1,76,000 croreAccused: A RajaDescription: The former telecom minister desisted from auctioning 2G spectrum, causing losses amounting to thousands of crores.
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Madhu Koda scam (2009)Amount: Rs. 4,000 croreAccused: Madhu KodaDescription: The former Jharkhand CM allegedly laundered money to the tune of over Rs. 4,000 crore.
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Satyam scam (2009)Amount: Rs. 24,000 croreAccused: Ramalinga RajuDescription: The former Satyam chairman doctored the firm’s balance sheet, cheating investors and making crores in revenue to set up several firms.
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Home Trade scam (2002)Amount: Rs. 600 croreAccused: Sanjay AgarwalDescription: Agarwal, CEO of Mumbai-based brokerage firm Home Trade, embezzled Rs. 600 crore from cooperative banks across Maharashtra on the pretext of gilt trading.
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Telgi scam (1991)Amount: Rs. 20,000 croreAccused: Abdul Karim TelgiDescription: Fake stamp papers were printed and sold to financial institutions, investors and insurance firms.
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Adarsh Housing scam (2010)Accused: Ashok ChavanDescription: Chavan, then revenue minister of Maharashtra, was accused of processing Adarsh files and ensuring that 40% flats would be earmarked for civilian allottees, including relatives.
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Updated on Sept 07, 2012 04:49 pm IST