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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 2005
1. IPO scam

When the Securities Exchange Board of India (Sebi) started scanning an entire spectrum of IPOs launched over 2003, 2004 and 2005, it ended digging up more dirt and probably prevented a larger conspiracy to hijack the market.

Reference Link : http://ibnlive.in.com/news/ipo-scam-what-when-who-and-how/8980-7-single.html
 
2. Oil-for-Food Programme

The Oil-for-Food Programme (OFF), established by the United Nations in 1995 (under UN Security Council Resolution 986)[1] was established with the stated intent to allow Iraq to sell oil on the world market in exchange for food, medicine, and other humanitarian needs for ordinary Iraqi citizens without allowing Iraq to boost its military capabilities.

Reference Link : http://en.wikipedia.org/wiki/Oil-for-food_programme
 
3. Bihar flood relief scam
Scandal worth : 17 crore

Bihar flood relief scam - 17 crore

Reference Link : http://www.rediff.com/business/slide-show/slide-show-1-the-biggest-scams-in-india/20101230.htm
 

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