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8/7/2019 Corruption in Our Country
http://slidepdf.com/reader/full/corruption-in-our-country 1/10
CORRUPTION & SCAMS
IN OUR COUNTRY
Three amongthe five topmost corruption scams in
India� 2G spectrum
� Common wealth games� Satyam scam
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1. 2G SPECTRUM SCAM
CAG (Controller and Auditor General) agency.
Raja«.the former telecom minister allocated 2g
mobile spectrum licenses flouting rules.
1.76 lakh crores revenue loss for India.
Spectrum allocated beyond contracted quantities to
9 firms including
Airtel,Idea,Reliance,Vodafone,BSNL,Aircel.
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No auctions, No bids«.. Followed ´first come-firstserveµ policy.
Unitech and Swan telecom got licenses without any
telecom experience. Swan telecom is not even having eligible criteria.
Swan got license for 1,537cr. And sold for 4,200cr.
Unitech got for 1,661cr. and sold for 6,200cr.
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2. COMMONWEALTH G AMES
2010 SCAM
71 countries from world, about 2,000 staff, 18,000volunteers,12 days of events.
Being a prestigious issue for India«.. only half of
the estimated finance was used for sports persons.
Literally it is a loot of about 30,000cr. As thebudget is of 70,000cr.
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It is because of Mr. Suresh kalmadi«. the initiatorthis fraud was treated as ´shame of Indiaµ instead of ´scam of Indiaµ.
Fraud deals like this.. ´buy material, I·ll give youpercentageµ, ´make policy in my favorµ.
Even IIT, Nit officers and AIR India's officers involvedin this scam.
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3.S ATYAM SCAM
B. Ramalinga raju« the founder and
former chairman« an IT professional.
Fourth biggest outsourcing IT company
in India.
More than 50,000 employees from India.
Offers services to more than 550 MNCs.
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Became biggest fraud in corporate
history to the tune of 14,000cr.
More than 50,000 employees jobs were
at risk. 7% of sensex has fallen down.
Since Raju can·t compensate the fraudmoney, he announced to acquire
satyam to maytas prop. & maytas
infra with about 8,000cr.
Ministry of corporate affairs enquiredon this whether any violation of laws
of strategy takes place.
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ILL EFFECTS DUE TO
CORRUPTION
´Rich becomes richer & poorstay poorµ.
A developing nation will staydeveloping«« even for
generations. Financial imbalance over the
nation««.
In peak stage«« it tends toeconomic inflation.
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HOW TO COMPENSATE THE
LOSS One should be sincere on their own
profession.
One should contribute their work for owncountry·s development (outsourcingreduced).
Do not encourage corruption. Directing ones professional goals towards
country·s vision.
Our country vision is to became a superpower in 2020.
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T HANK YOU
S UMANTH SAI .CH
Let us fight for better INDIA.
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