Scams under Indian National Congress governance
- Insurance Scam
- Telecom scam (Sukh Ram)
- HDW Submarine
- Bitumen scam
- Tansi land deal
- Securities Scam
- JMM Bribery Scandal
- St Kitts case
- Urea scam
- CRB Scam
- Anantnag transport scam
- 1971 Nagarwala scandal
- Fooder scam
- Churhat lottery scam
- Bofors Scandal (1990)
- Animal Husbandry Case (1990)
- Bombay Stock Exchange Fraud
- Hawala scandal (1993)
- Bangalore-Mysore Corridor (1995)
- Sukh Ram (1996)
- Fodder Scam in Bihar (1996)
- Kerala SNC Lavalin power scandal(97)
- Home Trade
- Ketan Parekh Scandal,
- Barak Missile Deal Scandal,
- Tehelka Scandal (2001)
- UTI Scam
- Taj corridor case (2002–2003)
- Telgi scandal (2003)
- DSQ Software
- IPO Scam- karvy
- Oil-for-food programme scam (Natwar) (05)
- Human Trafficking Scam (Babubhai Katara)
- Cash-for-votes scandal
- Satyam scandal
- 2G Spectrum- 2008
- Madhu Koda, laundering money Rs. 4000 Cr
- NREGA Scam
- CWG
- Adarsh
Indian coal allocation scam
Coal allocation scam or Coalgate,[1] as referred by the media, is a political scandal concerning the Indian government's allocation of the nation's coal deposits to public sector entities (PSEs) and private companies by Prime Minister Manmohan Singh.[2] In a draft report issued in March 2012, the Comptroller and Auditor General of India (CAG) office accused the Government of India of allocating coal blocks in an inefficient manner during the period 2004–2009. Over the Summer of 2012, the opposition BJP lodged a complaint resulting in a Central Bureau of Investigation probe into whether the allocation of the coal blocks was in fact influenced by corruption.
The essence of the CAG's argument is that the Government had the authority to allocate coal blocks by a process of competitive bidding, but chose not to.[3] As a result both public sector enterprises (PSEs) and private firms paid less than they might have otherwise. In its draft report in March the CAG estimated that the "windfall gain" to the allocatees was 1067303 crore (US$160 billion).[3] The CAG Final Report tabled in Parliament put the figure at 185591 crore (US$28 billion)[4] On 27 August 2012 Indian prime minister Manmohan Singh read a statement in Parliament rebutting the CAG's report both in its reading of the law and the alleged cost of the government's policies.[5][6][7]
While the initial CAG report suggested that coal blocks could have been allocated more efficiently, resulting in more revenue to the government, at no point did it suggest that corruption was involved in the allocation of coal. Over the course of 2012, however, the question of corruption has come to dominate the discussion. In response to a complaint by the BJP, the Central Vigilance Commission (CVC) directed the CBI to investigate the matter. The CBI has named a dozen Indian firms in a First Information Report (FIR), the first step in a criminal investigation. These FIRs accuse them of overstating their net worth, failing to disclose prior coal allocations, and hoarding rather than developing coal allocations.[8][9] The CBI officials investigating the case have speculated that bribery may be involved.[8]
The issue has received massive media reaction and public outrage. During the monsoon session of the Parliament, the BJP protested the Government's handling of the issue demanding the resignation of the prime minister and refused to have a debate in the Parliament. The deadlock resulted in Parliament functioning only seven of the twenty days of the session.[10][11] The Parliamentary Standing Committee report on Coal and Steel states that all coal blocks distributed between 1993 and 2008 were done in an unauthorized manner and allotment of all mines where production is yet to start should be cancelled.
Refer http://en.wikipedia.org/wiki/2012_Indian_coal_mining_controversy
Indian 2G spectrum scam
The 2G spectrum scam was a scam involving politicians and government officials in India illegally undercharging mobile telephony companies for frequency allocation licenses, which they would then use to create 2G spectrum subscriptions for cell phones. The shortfall between the money collected and the money that the law mandated to be collected is estimated to be 1766.45 billion (US$27 billion), as valued by the Comptroller and Auditor General of India based on 3G and BWA spectrum auction prices in 2010.[1] However, the exact loss is disputed. In a chargesheet filed on 2 April 2011 by the investigating agency, Central Bureau of Investigation (CBI), the loss was pegged at 309845.5 million (US$4.7 billion)[2] whereas on 19 August 2011 in a reply to CBI, Telecom Regulatory Authority of India (TRAI) said that the government gained over 30 billion (US$460 million) by giving 2G spectrum.[2] Similarly Kapil Sibal, the Minister of Communications & IT, claimed in 2011, during a press conference, that "zero loss" was caused by distributing 2G licenses on first-come-first-served basis.[3] It has to be pointed out, however, that "zero loss" can simply mean that frequencies were not sold for less than cost. The phrase indicates nothing about whether the sale was a scam.
All the speculations of profit, loss and no-loss were put to rest on 2 February 2012 when the Supreme Court of India delivered judgement on a public interest litigation (PIL) which was directly related to the 2G spectrum scam. The Supreme Court declared allotment of spectrum as "unconstitutional and arbitrary" and quashed all the 122 licenses issued in 2008 during tenure of A. Raja (then minister for communications & IT from 2007 to 2009) the main official accused in the 2G scam case.[4] The court further said that A. Raja "wanted to favour some companies at the cost of the public exchequer" and "virtually gifted away important national asset."[5] The "zero loss theory" was further demolished[6] on 3 August 2012 when as per the directions of the Supreme Court, Govt of India revised the base price for 5 MHz 2G spectrum auction to 140 billion (US$2.1 billion), which roughly gives the value of spectrum to be around 28 billion (US$430 million) per MHz that is close to the CAG's estimate of 33.5 billion (US$510 million) per MHz.[7][8]
The original plan for awarding licences was to follow a first-come-first-served policy to applicants. A. Raja manipulated the rules so that the first-come-first-served policy would kick in – not on the basis of who applied first for a license but who complied with the conditions.[9] On 10 January 2008, companies were given just a few hours to provide their Letters of Intent and cheques. Those allegedly tipped off by Raja were waiting with their cheques and other documents. Some of their executives were sent to jail along with the minister.[9]
In 2011, Time magazine listed the scam at number two on their "Top 10 Abuses of Power" list (just behind the Watergate scandal)
Refer http://en.wikipedia.org/wiki/2G_spectrum_scam
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