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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 1992
1. Harshad Mehta Scam
Scandal worth : 5,000 crore

Several stock brokers, prominent among them the Big Bull Harshad Mehta, siphoned money from banks to play the stockmarkets. The loss to banks was put at about 5,000 cr

Reference Link : http://articles.timesofindia.indiatimes.com/2011-01-20/india/28371611_1_animal-husbandry-dept-fodder-scam-satyam-scam
 
2. Palmolein Oil Import Scam

Palm Olein Import Scam (Palm Olein Case, Palm Olein Corruption Case, 1991–92) are the alleged irregularities in the import of palm olein by K. Karunakaran lead United Democratic Front Government of the state of Kerala, India through the Power and Energy Limited Company.

Reference Link : http://en.wikipedia.org/wiki/Palmolein_Oil_Import_Scam
 
3. Indian Bank scandal
Scandal worth : 1,300 crore

Aided by M. Gopalakrishnan, then the chairman of the Indian Bank, borrowers-mostly small corporates and exporters from the south-were lent a total of over Rs 1,300 crore, which they never paid back.

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

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