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World's Largest Republic of Scams - India Scams over the Years...
Total Scam Money (approx) Since 1948 :  198867184000000
 
2012 2011 2010 2009 2008 2006
2005 2004 2003 2002 2001 2000
1997 1996 1995 1994 1992 1990
1989 1987 1981 1976 1974 1971
1965 1964 1960 1958 1956 1951
1948
Bhrashtachar in year 1960
1. Teja loan scandal
Scandal worth : 22 crore

Shipping magnate Jayant Dharma Teja took loans worth Rs 22 crore to establish the Jayanti Shipping Company. In 1960, the authorities discovered that he was actually siphoning off money to his own account, after which Teja fled the country.

Reference Link : http://archives.digitaltoday.in/indiatoday/20060703/scams.html
 

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