THE GREAT INDIAN SCAMS
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Top five scams that destroyed the Indian economy.
Nirav Modi’s PNB Scam: A fraud of nearly ₹11,400 Crores involving Punjab National Bank.
ABG Shipyard Scam: The largest scam in Indian banking history, involving ₹22,842 Crores defrauded over 5 years.
Commonwealth Games Scam (Approx. ₹70,000 crore): Allegations of corruption and mismanagement during the 2010 Commonwealth Games in Delhi led to an estimated loss of around ₹70,000 crore.
2G Spectrum Scam (Approx. ₹1.76 lakh crore): This telecom scam involved underpricing of 2G spectrum licenses, causing an estimated loss of ₹1.76 lakh crore to the government.
Coal Allocation Scam: Also known as Coalgate, this scam involved irregularities in the allocation of coal blocks to private and public sector companies between 2004 and 2009. The Comptroller and Auditor General (CAG) estimated the loss to the exchequer to be around ₹1.86 lakh crore.
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