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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.