10 Scams That Knocked India Off Its Feet

3 Coalgate
Coalgate is the political scandal involving the government's allocation of the nation's coal deposits to public sector entities and private companies between 2004 and 2009, also called the coal allocation scam. It is one of the most infamous scams in India that estimated a loss of Rs 185,591 crore. The comptroller and Auditor General (CGA) has accused the government of India for distributing 155 coal acres to companies in an arbitrary manner instead of auctioning it out to the highest bidder.

4 Antrix Devas Deal
The former ISRO chairman G Madhavan Nair and three other scientists were responsible for controversies created over the deal between the Indian Space Research Organisation (ISRO) and commercial arm Antrix Corporation and Devas Multimedia, which was signed in 2005. The scam involved ISRO leasing the S-band transponders on two satellites, GSAT6 and GSAT6A, for broadcasting purposes to Devas Multimedia. The controversy led to G Madhavan Nair being barred from holding any government jobs in January 2012, until further review.

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