A thread on all the Scams under Congress (UPA) govt. in 70 years (1948-2013)
They Scammed a total of ₹7.44 Lakh Crore.
#CongressMuktBharat #CongressScams
1. Jeep Scandal 1948 (₹80 L)
V. K. Krishna Menon, the Indian High Commissioner, placed order for 2,000 refurbished jeeps for a price that new jeeps could be purchased from US. He bypassed protocol to sign a deal worth Rs. 80 lakh, but just 155 jeeps landed.
2. BHU Funds 1956 (₹50L)
In one of the first instances of corruption in educational institutions, Banaras Hindu University officials were accused of misappropriation of funds worth Rs 50 lakh.
3. Mundhra scandal 1957 (₹1.24cr)
Then Finance minister (T T Krishnamachari) chose to have a government-owned life insurance (LIC) help out a failing businessman (Mundhra) by letting him buy shares worth 1.24 crore. This scam lead to Krishnamachari’s resignation.
4. J.D Teja Scam 1960 (₹22cr)
Shipping magnate J.DTeja 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.
5.Maruti Scandal 1974
Maruti & Sanjay Gandhi both had NO prior experience of building a car or had a working prototype, they did not even forward any design proposals, yet, under the leadership of his mother Indira, Congress awarded Maruti the contract.
6. Indira Gandhi election fraud 1975
The then Prime Minister Indira Gandhi was barred from holding office for six years after she was found guilty of electoral corruption, which she blatantly rejected. She was found guilty of dishonest election practices.
7. Kuo Oil Scam 1976 (₹13cr)
A $200-million contract was given to the Kuo Oil Co to take future deliveries at current prices. The government lost ₹13 crore. It was reported that indirectly money went to Indira and Sanjay.
8.Antulay Trust 1981 (₹30cr)
With exposure of this scandal concerning A.R. Antulay, then CMO Maharashtra, The Indian Express was reborn. Antulay had garnered Rs 30 crore from businesses dependent on state resources like Cement and kept the money in a Private Trust.
9. HDW Commissions 1987 (₹20cr)
HDW, the German submarine maker, was blacklisted after allegations that commissions worth Rs 20 crore had been paid. The case was registered by V P Singh government.
10.Bofors Payoff 1987 (₹64cr)
A Swedish firm was accused of paying Rs 64 crore to Indian politicians, including Rajiv Gandhi, then the Prime Minister, to win a bid to supply India’s 155 mm field howitzer, a short gun for firing shells.
11. St Kitts Forgery 1989 (₹9.45cr)
The allegedly forged documents attempted to show that P.V Singh, who became prime minister in 1989, and his son violated India's Foreign Exchange Regulation Act by opening a £13.12 million bank account on St Kitts Island in the Caribbean
12. Airbus Scandal 1990 (₹2.5cr/week)
In 1990, Indian Airlines signed a ₹2000 crore deal with Airbus instead of Boeing which further resulted in crash of an A-320 in Bangalore. Then, New Planes were bought which cost Indian Airlines ₹2.5 crores per week.
13.Harshad Mehta Securities Scam 1992 (₹5000cr)
Mehta tricked small and big banks with fake BRs and invested the scammed money in Stocks. This lead to crash of Stock Market.
Total amount lost was ₹5000 crores.
14. Indian Bank Rip-off 1992 (₹1300cr)
The Harshad Mehta scam collapsed the Indian stock market; around 40% of the market value was wiped out. Borrowers- mostly small corporations and exporters from the south-were lent a total of over 1,300 crore, which they never returned
15. Sugar Import 1994 (₹650cr)
The then Food Minister, Kalpnath Rai, imported sugar at a price much higher than that of the market, causing a total loss of Rs 650 crore.
16. JMM Bribes 1995 (₹1.2cr)
Jharkhand Mukti Morcha leader Shailendra Mahato and other MP’s had received bribes in crores to bail out the P.V. Narasimha Rao government in the 1993 no-confidence motion.
17. In a Pickle 1996 (₹10L)
Pickle baron Lakhubhai Pathak accused former Prime Minister P.V. Narasimha Rao and Chandraswami of accepting a bribe of Rs 10 lakh from him for securing a paper pulp contract.
18. Telecom Scam 1996 (₹1.6 cr)
Sukh Ram, former state communications minister, was accused of causing a loss of ₹1.6 crores by helping a Hyderabad based private firm in buying telecom equipments. He and two others were convicted in 2002.
19. Fodder Scam 1996 (₹950cr)
The Fodder Scam was a corruption scandal that involved the embezzlement of about 950 cr. It involved two Ex Bihar CM’s Lalu Yadav & Jagannath Mishra & animal husbandry mafias who made false expense reports and scammed a total of ₹950cr.
20. Urea Deal 1996 (₹133cr)
C.S. Ramakrishnan, MD, National Fertiliser, and a group of businessmen fleeced the government and took Rs 133 crore from the import of 2 lakh tons of urea, which was actually never delivered.
21. CRB SCAM 1997 (₹1200cr)
In the Chain Roop Bhansali Stocks scam, investors lost over Rs 1,200 crores. He raised about Rs 900cr from the public and transferred it to non-existent companies. When he tried to borrow money from the market, it led to a financial crisis.
22. VANISHING COMPANIES SCAM 1998 (₹330.78cr)
A scrutiny revealed that over 600 companies went missing after raising money from public. SEBI revealed that while many companies are not traded on the bourses at least 80 companies that had raised 330cr were simply missing.
NABARD found out that the teak trees that were sold by Anubhav Plantation were at ₹1500- 2000, it was 10-15 X higher. ‡Maharashtra Revenue &Forest Department (MRFD) found that for plantation of these trees costed only Rs 400.
24. KETAN PAREKH SCAM 2001 (₹137cr)
1992, Mehta used banker's receipts & in 2001, Parekh used pay orders to ramp up the prices of his favourite scrips (the K-10). Parekh also rerouted money from corporations like HFCL and Zee. Total scammed amount was ₹137cr.
25. Stockmarket Scam 2001 (₹1,15,000cr)
The stock market scam of 2001 was masterminded by Ketan Parekh. He use to create companies to “Pump and Dump” stocks in the end. His top 10 stocks were usually referred as K-10 stocks. Gullible investors fell prey to his stock picks.
26. Home Trade Scam 2002 (₹600cr)
Under the name of gilt trading, around ₹600 crore was swindled from over 25 cooperative banks in Maharashtra by showing fake G-sec certificates worth Rs.125 crores.
27. Stamp Paper Scam 2003 (₹30000cr)
This scam was all about earning money by printing counterfeit stamp paper in India that caused a loss of Rs 30,000 crore to the exchequer. He mastermind behind it, Abdul Karim Telgi.
28. IPO-Demat scam 2005 (₹145cr)
Thousands of fictitious demat accounts were created to corner shares meant for the retail investors. SEBI found number of fake DEMAT holders and alleged NSDL for non performance of their tasks.
29. Bihar Flood Relief scam 2005 (₹17cr)
Flood relief funds worth Rs 17 crore were diverted to a private company by Gautam Goswami who was recognised by Time magazine as one of Asia's young heroes. Bihar state police also launched a nation-wide hunt for Goswami.
30. Scorpene submarine scam 2005 (₹18978cr)
The Scorpene submarine deal scam was an Indian bribery scandal, in which ₹ 18,978 crores were alleged to have been paid to then government decision makers by Thales.
31. Punjab City Centre 2006 (₹1144cr)
PCC was a multi-crore proposed project launched in 2005, it was alleged that Amarinder & LIT officials caused a loss of at least ₹1,144 crore to the exchequer by ‘favouring’ private company M/S Today Homes and awarding it the contract
32. Taj Corridor scam 2006(₹175cr)
The Taj Heritage Corridor case is an alleged scam wherein the then Chief Minister of Uttar Pradesh Mayawati and a minister in her government, Nasimuddin Siddiqui, were charged with corruption.
33. Hassan Ali Tax default 2007 (₹50,000cr)
Pune-based businessman Hasan Ali Khan owed more than Rs 34,000 crore to the government in tax dues. The Income-Tax department had assessed his income during the six-year period between 2001 and 2007 at over Rs 1.1 lakh crore.
34. Satyam scam 2008 (₹10,000cr)
The Satyam Computer Services scandal was a corporate scandal affecting India-based company Satyam Computer Services in 2009, in which chairman Byrraju Ramalinga Raju confessed that the company's accounts had been falsified.
35. Army Ration Pilferage scam 2008 (₹5,000cr)
The scam came to light after the police found special rations meant for soldiers serving in the glacial Siachen region being sold in open markets of Leh. The pilferage was detected in the Leh-headquartered 14 Corps area.
36. 2G Spectrum swindle 2008 (₹1,76,000cr)
The 2G case was an alleged scam that the politicians and private officials under the UPA in India were accused of committing. The court ruled that this case was baseless. In 2018 ED and CBI filled appeals against the verdict.
37.State Bank of Saurashtra scam (₹95cr)
The cashier had used withdrawal slips and not depositing money submitted in the bank deposited by a current account holder. A case was filed and the charge sheet was issued under various grounds or sections including 420, 409, 406.
38. Jharkhand Medical equip. scam (₹130cr)
Equipment worth crores were purchased, but far beyond the state’s requirements. Over 2.5 lakh bedsheets were purchased while disinfectant solution worth ₹20 cr & 3,62,000 thermometers, 3,50,000 gloves, 1792 cylinders of n2o.
39. Rice export scam 2009 (₹2,500cr)
Fraud and corruption was found in the "humanitarian" export of non-basmati rice to some African nations between 2007 and 2009 under the Congress govt.
40. Orissa mine scam 2009 (₹59000cr)
Scam estimated at ₹59,000 crore, a total of 146 cases of excess mining were registered by Odisha's mining department for violation of environment clearance, mining plan and consent to operate. Out of the 192 mines, 176 were in forests.
41. Madhu Koda mining scam 2009 (₹4000cr)
Madhu Koda was involved in a mining scam that occurred in Jharkhand in India. It was alleged by investigatorsthat Madhu Koda took huge bribes for illegally allotting iron ore & coal mining contracts in Jharkhand when he was the CM
42. Commonwealth Games scam 2010 (₹70000cr)
It involved a pilferage of around Rs 70,000 crore. It was estimated that only half of the allotted amount was spent on Indian sportspersons. The athletes were asked to shift to shabby apartments from the ones that were allotted.
43. CoalGate Scam 2012 (₹1.856 Lakh Cr)
Coalgate was a political scandal that swamped the UPA government in 2012. According to CAG the presumptive loss that occurred due to the windfall gains made to allottees was Rs 1.856 lakh crore.
44.ChopperGate Scam 2013 (₹3600cr)
Also known as the AugustaWestland VVIP chopper deal, the helicopter bribery scandal by Congress involved money paid to middlemen and Indian officials in 2006 and 2007 in order to purchase helicopters. Accr. to CBI this amounted to ₹2.5B
These 44 are only those scam’s who’s data is available. Reports say that actually there were 250 Scams since Independence under Congress which amounts to a total of $20.23 Trillion. @INCindia and @RahulGandhi will only talk about Rafale.
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