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    Corruption in India: A Billion Dollar Industry: Click To Edit Master Subtitle Style

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    dhawalragini
    Corruption is rampant throughout India, costing the country an estimated 250,000 crores annually according to management guru C.K. Prahalad. Government officials at both the state and national levels are responsible for close to half of all bribery in India. Some of the largest scams in India include the Harshad Mehta stock market scam of 4000 crores, the 2G spectrum scam of 1.76 lakh crores, and the Commonwealth Games scam where only half of the 70,000 crores spent actually went to the Games.

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    Corruption in India: A Billion Dollar Industry: Click To Edit Master Subtitle Style

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    dhawalragini
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    Corruption is rampant throughout India, costing the country an estimated 250,000 crores annually according to management guru C.K. Prahalad. Government officials at both the state and national levels are responsible for close to half of all bribery in India. Some of the largest scams in India include the Harshad Mehta stock market scam of 4000 crores, the 2G spectrum scam of 1.76 lakh crores, and the Commonwealth Games scam where only half of the 70,000 crores spent actually went to the Games.

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    Corruption in India

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    Corruption is rampant throughout India, costing the country an estimated 250,000 crores annually according to management guru C.K. Prahalad. Government officials at both the state and national levels are responsible for close to half of all bribery in India. Some of the largest scams in India include the Harshad Mehta stock market scam of 4000 crores, the 2G spectrum scam of 1.76 lakh crores, and the Commonwealth Games scam where only half of the 70,000 crores spent actually went to the Games.

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    76 views14 pages

    Corruption in India: A Billion Dollar Industry: Click To Edit Master Subtitle Style

    Uploaded by

    dhawalragini
    Corruption is rampant throughout India, costing the country an estimated 250,000 crores annually according to management guru C.K. Prahalad. Government officials at both the state and national levels are responsible for close to half of all bribery in India. Some of the largest scams in India include the Harshad Mehta stock market scam of 4000 crores, the 2G spectrum scam of 1.76 lakh crores, and the Commonwealth Games scam where only half of the 70,000 crores spent actually went to the Games.

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    Corruption In India: A Billion Dollar Industry

    Click to edit Master subtitle style BY : DHAWAL BHATT

    4/21/12

    4/21/12

    Contd.

    It is a no brainer that Corruption In India is at its rampant best. There is not one section of the society that is spared from it. Corruption in the form of bribery takes the cake and given that it begins at the grass root level makes it even more difficult to monitor and control. The Corruption and Bribery Report published at trak.in earlier , gives a detailed breakdown of the scale of the bribes 4/21/12

    CONTD..

    The striking though well known findings of the report points out that close to half the bribes are requested by the Government Officials both at the state and national level. The same government personnel who are entrusted with the development of the nation are filling their own pockets. No wonder then the nations politicians are the most corrupt lot.
    4/21/12

    CONTD:

    However, it it was only for the petty money minded officials filling their own pockets, the enormity of the bribery might be restricted to a certain level. What if corruption takes the shape of a billion dollar behemoth. According to Management Guru C.K.Prahalad , the cost of corruption to the country might as well exceed Rs. 250,000 4/21/12 crores.

    CONTD.

    The funding of the amount (8000 crores ) comes from the pocket of Big industrialists Who expect at least 10 fold return on there investment and there begin the corruption

    4/21/12

    CONT:

    The total spending for the 2009 Lok Sabha elections is pegged at a whopping Rs. 10,000 crore.The breakup of this spending throws up some interesting insights too. Rs 1,300 crore (Rs 13 billion) by the Election Commission Rs 700 crore (Rs 7 billion) by the Centre and state governments
    4/21/12

    Rs 8,000 crore (Rs 80 billion)

    The Top Scams in India

    Harshad Mehta:- Rs. 4000 crore Harshad Mehta scam Ketan Parekh Stock Market Scam : Rs. 1000 crore Ketan Parekh scam IPL Scam :- The scandal claimed the portfolios of two big-wigs in the form of Shashi Tharoor and former IPL chief Lalit Modi.
    4/21/12

    Top scandal contd.

    The Hawala Scandal:- The Hawala case to the tune of $18 million bribery scandal, which came in the open in 1996 . The list of those accused also included Lal Krishna Advani who was then the Leader of Opposition. The Fodder Scam :- the name of Chara Ghotala , as it is popularly known in the vernacular language In 4/21/12 corruption scandal worth Rs.900 this

    TOP SCANDAL Contd.

    Bofors Scam :- The Bofors scandal is known as the hallmark of Indian corruption. The Bofors scam was a major corruption scandal in India in the 1980s; when the then PM Rajiv Gandhi and several others including a powerful NRI family named the Hindujas, were accused of receiving kickbacks from Bofors AB for winning a bid to supply Indias 155 mm field 4/21/12 howitzer.

    TOP SCANDAL CONTD..

    Telgi Scam :- Abdul Karim Telgi had mastered the art of forgery in printing duplicate stamp papers and sold them to banks and other institutions. The tentacles of the fake stamp and stamp paper case had penetrated 12 states and was estimated at a whooping Rs. 20000 crore plus. The Telgi clearly had a lot of support from government 4/21/12 departments that were responsible

    Top scandal cotd

    Satyam Scam :- The scam at Satyam Computer Services is something that will shatter the peace and tranquility of Indian investors and shareholder community beyond repair. Satyam is the biggest fraud in the corporate history to the tune of Rs. 14000 crore. The companys disgraced former chairman Ramalinga Raju kept everyone in the dark for a decade by 4/21/12

    TOP SCANDAL

    Commonwealth Games Scam :Another feather in the cap of Indian scandal list is Commonwealth Games loot. Yes, literally a loot! Even before the long awaited sporting bonanza could see the day of light, the grand event was soaked in the allegations of corruption. It is estimated that out of Rs. 70000 crore spent on the Games, only half the 4/21/12 said amount was spent on Indian

    TOP SCANDAL

    2G Spectrum Scam We have had a number of scams in India; but none bigger than the scam involving the process of allocating unified access service licenses. At the heart of this Rs.1.76-lakh crore worth of scam is the former Telecom minister A Raja who according to the CAG, has evaded norms at every level as he carried out the dubious 4/21/12

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